Through The Fly's Eyes: Level 3 Communications
Cramer Pounds The Table On Level 3
On Tuesday, Theflyonthewall blogged about the merits of Level 3 Communications (LVLT). Last night, Jim Cramer made Level 3 one of his top picks for 2007, for many of the reasons we listed on Tuesday.
Why could 2007 be a big year? Because Level 3 should be able to generate free cash flow by the end of the year. Most institutions will not touch a stock until it is profitable or generates free cash flow. Once that happens and a company shows it can maintain a high growth rate, watch out - it is off to the races.
Cramer even interviewed Level 3's CEO Jim Crowe on his show last night. Crowe said Level 3's network is about "the eye and video" - like YouTube, which Level 3 recently signed a big deal with.
Cramer rated Level 3 a "Triple Buy" and said it was "the best under $10 stock."