Cramer Exorcises Google: Mad Money Recap
We can't get enough of this guy.On Thursday's Mad Money, Cramer raved about Jarden (JAH), the maker of home appliances like Mr. Coffee.
Speaking of coffee, I can't imagine how many cups of it Cramer imbibes before going on the air.
We like Jarden as well -- it's cash heavy while its competitors are teetering on the edge of bankruptcy.
As a short term play, Cramer sees retailers like Walmart (WMT) loading the shelves with Jarden goods for the upcoming holiday season.
JAH is a shelf space stock, simply put.
The highlight of the show was of course Cramer's hyperbullish take on Google (GOOG), the stock no one seems to be able to get enough of.
Our guys have a table pounding BUY recommendation on the stock as well -- Google is cash rich, an earnings beast, and with the money they're going to raise with the secondary offering (announced Thursday morning), you can bet they'll be shopping during the Fall.
SG Cowen thinks Baidu.com is a likely acquisition target.
As many of you know, Catablast Media Group has a SELL recommendation on Baidu.
Carl Futia, Ph.D opines BIDU will hit $270 over the next 6-9 months.
So our team told him quite frankly that we don't give a rat's ass about an internet play spitting out less than $2 million in net income.
Get off the wagon while you can.
Back to Google: Cramer has the stock pegged at $350 and change based on a $7-10 EPS estimate for 2007 and a 35-50X PE.
That's looking way out, but we're going to go with him anyways.
Google had a blockbuster first year as a publicly traded company and the fireworks aren't going to halt anytime soon.
There's even talk that with GOOG's increasing float, the Internet search king will soon be joining the coveted S+P 500 list.
That means fund managers will be buying the stock and buying big (they have to).
Buy Google and treat yourself to an early Christmas.
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