October 26th - CAG BWLD

Cramer started out talking about how ConAgra Foods Inc. (CAG) is seen as a joke of a company but was quick to point out that it is near its 52-week high and recommended the stock.


Regular Hours Close: $25.73
After Hours High: $26.37
Percent Increase: 2.5%
After Hours Level Off Price: $26.32
Percent Increase: 2.3%
Trades on NYSE
Sector: Consumer Goods
Short %: 2.03%
Days to Cover: 3.8
% Held by Insiders: 1.79%
% Held by Institutions: 68.40%

The after hours have taken the price beyond its 52-week high of $26.09. Cramer also said that the stock was very hated by the street, but that contradicts the 68% institutional holdings in the stock. The stock has also been a slow and steady climber from the $21 level over the last several months. This is a large volume stock (4.5 million shares traded today) with a large market cap which is something that I don't normally look at for shorting since the Cramer buyers may have very little influence on the stock. Then, if the regular non-Cramer market decide to take the price up they can and try to trap us shorts or push the momentum.

Next Cramer looked at the big move up in Buffalo Wild Wings Inc. (BWLD) after a great quarter and asked the question, "Am I too late?". Cramer said the stock is still a buy at $50 (which means its too high of a price for shorting off a Cramer recommendation in my opinion) after its 20% gain this week. Cramer said the stock jumped due to its low float and relatively high short percentage which makes this a very volatile stock which is not right for all investors. The bear side of this stock is that they don't give guidance, but Cramer said this means they focus on their company and not on pleasing hedge funds. The other bear story is that it is just a chicken wing company and there is plenty of competition. Cramer once again shrugged that off saying they have a better marketing campaign that focuses on family restaurants which is different then the competition. The company also makes 14 different sauces which separates them from the pack as well since it is shaping up to be a regional to national story.