On tonight’s MAD MONEY on CNBC, Jim Cramer said he still thinks the supermarket stocks are cheap but some deserve to be cheap.  His pick in the sector is Kroger (NYSE:KR).  He liks the outperformance and that they beat earnings and raised guidance with a 5+% same store sales number.

This has been our pick as well, and we even went as far as saying that this was actually becoming an alternative to Whole Foods (NASDAQ:WFMI) if you go there (24/7′s View on Whole Foods vs. Kroger).

Cramer thinks that this is going head to head with SuperValu (NYSE:SVU) although it is cheaper and SVI is just a value trap.

Jon C. Ogg
October 4, 2007