T-Mobile US, Inc. (NASDAQ:TMUS) is one of the stocks that Jim Cramer shared his take on. Noting that the stock has been down since August, a caller sought Cramer’s opinion on the stock. He commented:
“T-Mobile’s being hurt by the Death Star that’s Elon Musk. And I have to tell you, I would be worried too. I think that his satellite, that gambit, can really hurt the margins of T-Mobile. I would love to be able to say, you know what? Right here, right here, call shot. But I can’t. I have to wait. It has not settled down yet. It’s still part of the Musk radiation zone.”
T-Mobile US, Inc. is a wireless voice, messaging, and data services company, and it also provides high-speed internet. During the September 22 episode, Cramer mentioned the stock and said:
“Now, first, T-Mobile, which announced the leadership transition before the open this morning, with CEO Mike Sievert set to become vice chairman on November 1st, a bit of a surprise, and [will] be succeeded by the company’s current COO Srini Gopalan. Now Sievert’s created a tremendous amount of value… since he has been CEO, but I believe in this team. T-Mobile’s on track to give you 19.4% earnings growth next year. Yet it’s selling for just over 18 times next year’s numbers. Plain and simple.”
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
