The most recent quarter was good for Boston Beer Co. Inc. (NYSE: SAM), which reported that its fourth-quarter profit more than doubled, and not too bad for Take-Two Interactive Software Inc. (NASDAQ: TTWO), which posted a narrower-than-expected loss for the first quarter.

For the quarter that ended December 29, Boston Beer's net income jumped to $6.8 million, or 46 cents per share, from $2.5 million, or 17 cents per share, in the prior year quarter. Revenue rose 26% to $92.2 million from the same period of 2006. Analysts polled by Thomson Financial had expected earnings of 35 cents per share on revenue of $88.9 million.

The company credited its performance to drinkers trading up to craft beers, as well as increasing retailer and wholesale support for the craft category and for Samuel Adams. The company noted that its Twisted Tea brand also performed well in the quarter.

For the full year, profit grew 24% from a year ago, to $22.5 million, or $1.53 per share, while revenue grew 20% to $341.6 million.

Boston Beer shares rose $2.02, or 6%, to close at $35.81, and continued to rise in after-hours trading.

Continue reading Boston Beer profit more than doubles; Take-Two posts narrower-than-estimated loss

Boston Beer profit more than doubles; Take-Two posts narrower-than-estimated loss originally appeared on BloggingStocks on Tue, 11 Mar 2008 18:40:00 EST. Please see our terms for use of feeds.

From my perspective Jim Cramer has gone from Wall Street trader, to hedge fund manager, to stock market analyst and media guru -- and finally reached the stage of TV buffoon.

I used to appreciate his investment sensibilities and still find him entertaining on occasion (on radio) but now he has gone too far. For those of you Baby Boomer's who watched children's television as I did you will remember Soupy Sales and all the props and gags, but none more vivid than the whipped cream pie-in-the-face!

That's about all Cramer is missing at this stage. His antics are no different than a carnival sideshow. If you track his stock market advice lately you will see poor results, and if you follow his advice your chances of "winning" will resemble your chances at the carnival games. You can't deny the sights and sounds are similar, and if it walks like a duck and quacks like a duck....?

There you have it folks, Cramer has created a stock market carnival on television!

Continue reading All Cramer needs now is a PIE in the FACE

All Cramer needs now is a PIE in the FACE originally appeared on BloggingStocks on Mon, 02 Oct 2006 07:54:00 EST. Please see our terms for use of feeds.