Cramer bets against the D.C. Madam

Posted Apr 30th 2007 3:50PM by Jon Ogg
Filed under: Analyst Reports, Procter and Gamble (PG), Under Armour'A' (UA), Dolby Laboratories'A' (DLB), Crocs Inc (CROX)

On today's STOP TRADING! segment on CNBC, Jim Cramer said that he thinks Dolby Laboratories Inc. (NYSE: DLB) will have a good quarter "despite the DC Madam wanting to sell the stock because she thought it had reached a high point." All of the jokes about the "madam" and "brothel" would have been funny, except that they were so obvious. The real long and short of it is that the D.C. Madam, according to CNBC, wanted to sell her shares in Dolby and was noted as a stock picker with a $2 million portfolio.

Jim Cramer did have some bullish picks: Two he wants to buy ahead of earnings are Crocs (NASDAQ: CROX) and Under Armour (NYSE: UA). He thinks Under Armour is still a great investment and he doesn't want to get in front of the train by betting against it. Proctor &Gamble (NYSE: PG) is one that Cramer thinks is getting a higher re-valuation with earnings Tuesday morning.

If it wasn't for at least the attempt at making the DC Madam story funny, today might have been better titled, "Stop Yawning!"

Tags: CROX, DLB, PG, UA