CNBC's Jim Cramer Recommends LodgeNet on `Mad Money' Show
LodgeNet Entertainment Corp. (LNET), a provider of on-demand movies and Internet access in hotels, was recommended by CNBC ``Mad Money'' host Jim Cramer, who said it should grow during the summer travel season.
LodgeNet acquired competitor On Command Corp. in December from John Malone's Liberty Media Corp., giving it ``huge market share'' for supplying interactive television systems in hotel rooms, said Cramer, a market commentator and former hedge fund manager.
Cramer warned investors the company is a ``speculative stock.'' Shares of LodgeNet increased 90 cents, or 2.7 percent, to $33.95 at 6:51 p.m. New York time after Cramer's comments aired.
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