Cramer discusses Alvarion - 11/17/ '05Cramer is bullish on Israeli wireless broadband connectivity company Alvarion (ALVR:Nasdaq) as a play on the expected growth in WiMax.
WiMax, said Cramer, could be huge as it has a range of 30 miles as opposed to WiFi, which is measured in feet.
Alvarion has made a profit in just two years of its 10-year history, though, said Cramer. But, at $7.67 -- where the stock closed Thursday -- the stock is cheap, he said.
Cramer believes that Alvarion's stock has bottomed and that the catalyst for the stock to move higher should come early next year when industry standards for WiMax are expected to be decided upon.
Asked about the possibility of Alvarion getting acquired, Cramer said he never speculates on takeovers when a company's earnings are declining. He is "playing it for the earnings, and they've got to come back."