Cramer on tonight’s MAD MONEY discussed a retail play that could make you money. He says Coldwater Creek (CWTR) is the new face of shopping on the Internet. It has figured out how to cater to the computer illiteracy of the Baby Boomer generation. They include live Q&A from real employees for shoppers online.This shop caters to mostly wealthy women baby boomers and the website. Cramer says it has the retail triple play. It has a great catalogue business and great stores. It fits into the regional to national theme. It targets income levels of $75,000 and higher that are less price sensitive. 85% to 90% of its transactions occur at full retail price. They are targeting 500 stores, and Cramer thinks that is too low.CWTR trades at 53.6 times earnings, but it trades about 34 times 2007 earnings and has 34% growth rates. The stock traded down 0.6% to $28.60 in regular trading, but it was up 3.6% to $29.63 in after-hours after Cramer noted the name.Jon C. OggNovember 13, 2006
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
