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Struggling Jones Soda (JSDA) signs a letter of intent to be acquired by Reeds (REED) for about...

Struggling Jones Soda (JSDA) signs a letter of intent to be acquired by Reeds (REED) for about $9.7M in cash and stock. The offer values Jones at about $0.37/share - a 56% discount to Monday's close. In 2007, Jones shares traded north of $20 largely due to a bullish Jim Cramer.
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Comments (2)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    The fact Cramer can "move" the market in any sense is a testament to the savviness (as in, lack there of) of many "investors".
    9 Mar 2010, 07:56 AM Reply Like
  • davidbdc
    , contributor
    Comments (3186) | Send Message
     
    I think thats giving him too much credit. He's said to buy and sell every stock in the S&P in the past couple of years...... he is an entertainer and thats it.
    9 Mar 2010, 11:30 AM Reply Like
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