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By Roger Choudhury, Lead Editor

Here, we review the Monday, February 28th buy recommendations of Jim Cramer, host of Mad Money on CNBC (6pm EST, Monday through Friday). Since then, for comparison purposes, the S&P 500 is -0.03% and the Dow is +1.21%.

Buy Recommendations

CONSOL Energy (NYSE:CNX) is up 5.9% since February 28. In 2010, GAAP EPS dropped by 45.76% to $1.60, after +22.92% in 2009. However, revenues were up by 13.29% to $5.23 billion in 2010, after +3.02% in 2009. The EBT margins slimmed to 8.94% to 17.06%.

In 2011, analysts expect non-GAAP EPS to be between $2.05 and $3.83. In 2010, non-GAAP EPS was $2.28. The next earnings release is on April 25, when analysts forecast between $0.56 and $0.95. In comparison, Q1 2010 produced $0.85.

CNX shares trade with a price to sales multiple of 2.2. From 2005 to 2010, those multiples were 1.6, 1.6, 3.5, 1.2, 2.0, and 2.0, respectively. Continued revenue growth of 10%-plus would merit maintenance of the current multiple. The company also has a debt to equity ratio of 1.08.

CONSOL Energy is the leading diversified fuel producer in the Appalachian Basin, is a member of the Standard & Poor's 500 Equity Index and the Fortune 500. It has 11 bituminous coal mining complexes in 5 states and reports proven and probable coal reserves of 4.5 billion tons. It is also the leading Appalachian gas producer, with proved reserves of over 2.9 trillion cubic feet.

Peabody Energy (NYSE:BTU) is +9.9% since February 28. In 2010, GAAP EPS is +71.69% to $2.85, after -52.71%. Revenues went up by 14.10% to $6.86 billion, after -8.81% in 2009. The EBT margin improved to 16.23% from 10.84%.

In 2011, analysts expect non-GAAP EPS to be between $3.48 and $6.02. In 2010, non-GAAP EPS was $3.05. The next earnings release is on April 19, with analysts expecting between $0.46 and $0.73. In comparison, Q1 2010 produced $0.52 for non-GAAP EPS.

BTU shares trade with a P/S multiple of 2.8. From 2004 to 2010, those multiples were 1.4, 2.4, 2.1, 3.6, 0.9, 2.0, and 2.5, respectively. Double digit revenue growth and EPS doubling should raise multiples to near 3.0x. The company also has a debt to equity ratio of 0.58.

Peabody Energy is the world’s largest private-sector coal company and a global leader in clean coal solutions. Peabody fuels 10% of US power and 2 % of worldwide electricity.

Walter Energy (NYSE:WLT): +10% since February 28. In 2010, GAAP EPS exploded by 181.57% to $7.18, after losing 59.84%. Revenues grew by 64.22% to $1.58 billion, after dropping 34.98% in 2009. The EBT margin improved greatly to 36.38% from 19.03%.

In 2011, the Street expects non-GAAP EPS to be between $11.55 and $13.95. In 2010, non-GAAP EPS was $7.46. The next earnings release is on April 29, with analysts expecting between $1.51 and $2.02. In comparison, Q1 2010 produced $0.88 for non-GAAP EPS.

WLT shares trade with a price to sales multiple of 4.4. This is the highest level ever for these shares. 2009 and 2010 showed multiples of 4.1 and 4.3, respectively. Investors and analysts have great expectations for these shares. The company also has a debt to equity ratio of 0.26.

The company recently acquired Western Coal, which is a producer of high quality metallurgical coal from 3 mines in northeast British Columbia, high quality metallurgical coal and compliant thermal coal from 4 mines located in West Virginia, and high quality anthracite and metallurgical coal in South Wales (UK). This company is headquartered in Vancouver, BC, Canada, and trades on the TSX stock exchanges (WTN.TO).

Walter Energy is a leading US producer and exporter of premium hard coking coal for the global steel industry and also produces steam coal and industrial coal, metallurgical coke and coal bed methane gas.

Acuity Brands (NYSE:AYI) is down 1.48% since February 28. In FY 2010 through August, GAAP EPS dropped by 11.76% to $1.80, after falling 42.7%. Revenues also fell both in FY 2010 and FY 2009 by 1.84% and 18.22%, respectively. The EBT margin in FY 2010 was thin at 7.30%.

The Street expects FY 2011 to produce non-GAAP EPS between $2.49 and $2.75. In 2010, non-GAAP EPS was $2.08. Q1 2011 produced non-GAAP EPS of $0.56, compared to $0.53 in Q1 2010. The next earnings release is on March 30, with analysts expecting between $0.44 and $0.55. In comparison, Q2 2010 produced non-GAAP EPS of $0.40.

AYI shares trade with a price to sales multiple of 1.5. This is by far the highest multiple. The company has a debt to equity ratio of 0.49. Acuity Brands is a North American market leader and one of the world’s leading providers of luminaires, lighting control systems and related products and services. Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 6,000 associates and has operations throughout North America, Europe and Asia.

Riverbed Technology (NASDAQ:RVBD) is down 9.4% since February 28. The company has a market cap of $150 million.

Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization.

Globe Specialty Metals (NASDAQ:GSM) is down 0.1% since February 28. In FY 2010 through June, GAAP EPS turned positive to $0.46 from - $0.65. In FY 2008, it was $0.50. Revenues also increased by 10.88% to $473 million, after dropping by 5.82% in FY 2009. The EBT margin in FY 2010 was 11.60%.

In FY 2011, the Street expects non-GAAP EPS to be between $0.68 and $0.85. In FY 2010, non-GAAP EPS was $0.42. Q1 and Q2 2011 produced a total non-GAAP EPS of $0.21, compared to $0.22 for the same period in FY 2010. The next earnings release is on May 9, with analysts expecting between $0.25 and $0.28. In comparison, Q3 2010 produced $0.04 in non-GAAP EPS.

GSM shares trade with a P/S multiple of 3.1, whereas in FY 2009 and FY 2010, those multiples were 1.8 and 2.4, respectively. We need to see better EPS results to justify the current multiple. If this happens, share price has the potential to take off because of the company’s low debt to equity of 0.06.

Chico’s (NYSE:CHS) is +2.9% since February 28. In FY 2011 through January, GAAP EPS is up 64.10% to $0.64 from $0.39 in FY 2009. It was -$0.11 in FY 2008. Revenues also grew by 11.20% to $1.90 billion, after +8.26% in FY 2009. The EBT margin also improved to 9.39% from 6.41%.

In FY 2012, analysts expect non-GAAP EPS to be between $0.71 and $0.86. In FY 2011, that figure was $0.65. The next earnings release is on May 18, with the Street expecting between $0.19 and $0.28. In comparison, Q1 2011 produced $0.20.

CHS shares trade with a price to sales multiple of 1.3. From 2001 to 2006, those multiples were 3.1, 3.3, 4.7, 4.1, 6.1, and 2.4, respectively. The current multiple is on key. The company also has no debt on its books.

Ciena (NYSE:CIEN) is down 11.7% since February 28. In FY 2010 through October, GAAP EPS was less negative with - $3.58, after posting - $6.37 in FY 2009 and $0.42 in FY 2008. However, revenues did increase by 89.49% to $1.23 billion, after falling by 27.68% in FY 2009. Gross margin in FY 2010 was 40.23%.

In FY 2011, analysts expect non-GAAP EPS to be between -$0.33 and $0.30. In FY 2010, that figure was - $0.52. Q1 2011 already produced - $0.14, compared to -$0.12 in Q1 2010. The next earnings release is on June 6, when analysts forecast between -$0.20 and -$0.02. In comparison, Q2 2010 produced -$0.13 in non-GAAP EPS.

CIEN shares trade with a price to sales multiple of 1.5, with the best days with multiples in the 4s and 5s. The company also has a debt to equity ratio of 15.36. There are fundamentally too many negatives for us to recommend to buy or sell these shares.

Ciena is the network specialist. The company collaborates with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. With focused innovation, Ciena brings together the reliability and capacity of optical networking with the flexibility and economics of Ethernet, unified by a software suite that delivers the industry’s leading network automation.

Limelight Networks (NASDAQ:LLNW) is down 6.8% since February 28. The company has a market cap of $770 million.

The company is a provider of content delivery network services. It is engaged in providing content for the media companies, or content providers, including businesses operating in the television, music, radio, newspaper, magazine, movie, videogame, software and social media industries, online businesses operating e-commerce storefronts, and government organizations, corporations, or enterprise businesses that operate a website.

Eaton (NYSE:ETN) is +1.7% since February 28. In 2010, GAAP EPS went up by 140.53% to $2.73, after falling by 65.18%. Revenues also increased by 15.51% to $13.71 billion, after dropping 22.78% in 2009. The EBT margin improved to 7.55% from a historically low 2.55%.

In 2011, analysts expect non-GAAP EPS to be between $3.61 and $3.94. In 2010, non-GAAP EPS was $2.81. The next earnings release is on April 18, when analysts expect to see between $0.75 and $0.82. In comparison, Q1 2010 produced $0.48 in non-GAAP EPS.

ETN shares trade with a P/S multiple of 1.3. This is a relatively high multiple. We would say this multiple is fair if the company shows EPS growth of over 35%, which is a reasonably attainable. The company also has a debt to equity ratio of 0.46.

Eaton Corporation is a diversified power management company. Celebrating its 100th anniversary in 2011, Eaton is a global technology leader in electrical components and systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has approximately 70,000 employees and sells products to customers in more than 150 countries.

Honeywell (NYSE:HON) is +4% since February 28. In 2010, GAAP EPS decreased by 9.12% to $2.59, after falling by 24.20%. Revenues did manage to grow by 7.97%, after -15.45% in 2009. The EBT margin worsened to 8.52% from 9.64%.

In 2011, the Street expects non-GAAP EPS to be between $3.65 and $4.00. In 2010, non-GAAP EPS was $3.00. The next earnings release is on April 21, with analysts predicting between $0.79 and $0.85. In comparison, Q1 2010 produced $0.50 for non-GAAP EPS.

HON shares trade with a price to sales multiple of 1.4. This is a relatively high multiple given performance since 2001. Revenue growth of 10%-plus would justify this multiple. The company also has a debt to equity ratio of 0.54.

Boeing (NYSE:BA) is up 1.8% since February 28. In 2010, GAAP EPS shot up by 141.85% to $4.45, after dropping 49.86%. Revenues fell by 5.82% to $64.30 billion, after +12.10% in 2009. The EBT margin improved to 7.01% from 2.54%.

In 2011, the Street expects non-GAAP EPS to be between $3.80 and $4.50. In 2010, non-GAAP EPS was $3.99. The next earnings release is on April 18, with analysts expecting to see between $0.60 and $0.92. In comparison, Q1 2010 produced $0.70.

BA shares trade with a P/S multiple of 0.9. The highest multiples were from 2005 to 2007 with 1.0, 1.1, and 1.0, respectively. Because the company has a debt to equity ratio of 4.15 and we do not expect EPS to grow more than 50%, this multiple should be near 0.7.

Joy Global (JOYG) was recommended by Cramer on February 25. Since then, JOYG is up 1.1%. In FY 2010 through October, GAAP EPS dropped slightly by 0.23% to $4.40, after expanding by 27.83% in FY 2009. Revenues also fell by 2.06%, after +5.25% in 2009. On the bright side, the EBT margin improved to 19.27% in FY 2010 from 18.97% in FY 2009.

For FY 2011, analysts expect non-GAAP EPS to be between $5.19 and $5.83, after producing $4.40 in non-GAAP EPS in FY 2010. Q1 2011 already showed $0.96, which was an improvement from $0.73 in Q1 2010. The next earnings release is on June 2, when analysts forecast non-GAAP EPS to be between $1.29 and $1.50. In comparison, Q2 2010 posted $1.15.

JOYG shares trade with a P/S multiple of 2.7. This level is the highest since the 2005-06 era, when EPS had triple digit percentage increases and revenues grew 20-35%. We would wait to see Q2 2011 results before putting our chips in. This company has a debt to equity ratio of 0.26. Skim the company outlook, here. Joy Global is a worldwide leader in manufacturing, servicing and distributing equipment for surface mining through P&H Mining Equipment and underground mining through Joy Mining Machinery.

Caterpillar (NYSE:CAT) is up 8.3% since February 28. In 2010, GAAP EPS jumped by 190.21% to $4.15, after falling by 74.74%. Revenues grew by 31.46% to $42.58 billion, after dropping by 36.88% in 2009. The EBT margin also improved to 8.81% from 1.76%.

In 2011, analysts expect non-GAAP EPS to be between $5.49 and $6.90. In 2010, the actual non-GAAP EPS was $4.15. The next earnings release is on April 29, with the Street forecasting between $0.97 and $1.52. In comparison, Q1 2010 produced $0.36.

CAT shares trade with a price to sales multiple of 1.7. This is the highest multiple, if looking at the period from 2001 to 2010. These shares should be trading 1.5 times sales. The company also has a debt to equity ratio of 1.89.

Halliburton (NYSE:HAL) is up 7.5%, since when Cramer put out a buy recommendation on February 25. In 2010, GAAP EPS grew by 58.27% to $2.01, after falling by 25.29% in 2009. Revenues increased by 22.47% to $17.97 billion, after dropping by 19.72% in 2009. The EBT margin improved to 14.77% from 11.46%.

In 2011, the Street estimates non-GAAP EPS to be between $2.70 and $3.15. In 2010, the actual figure was $2.06. On April 18, there will be an earnings release. The Street expects between $0.55 and $0.67. In comparison, Q1 2010 produced $0.28 for non-GAAP EPS.

HAL shares trade with a P/S multiple of 2.3. This is the highest P/S since 2007 with 2.4. In 2010, the multiple was 2.1. In those years, EPS grew by around 60%. The company also has a debt-to-equity ratio of 0.37. If the company hits the higher end of the earnings estimates for the year, we expect the P/S multiple to be 2.5x.

Nabors (NYSE:NBR) is +7.9%, since February 25, when Cramer recommended this company. In 2010, GAAP EPS returned to green to $0.33 from - $0.30 in 2009. It was $1.93 in 2008. Revenues grew by 20.3% to $4.21 billion, after -33.94% in 2009. The EBT margin in 2010 was slim at 1.95%.

In 2011, non-GAAP EPS is forecasted to be between $1.51 and $1.92, according to analysts. In 2010, the actual non-GAAP EPS was $1.13. Also, the company expects 50-60% growth in non-GAAP EPS. The next earnings release is on April 18, when the Street expects between $0.29 and $0.38. In comparison, Q1 2010 produced non-GAAP EPS of $0.21.

Schlumberger (NYSE:SLB) is +1.6%, since February 28. In 2010, GAAP EPS grew by 30.50% to $3.38, after declining by 41.80%. Revenues increased by 24.45% to $28.93 billion, after decreasing by 15.66% in 2009. The EBT margin improved to 17.82% from 16.92%.

In 2011, non-GAAP EPS is expected to be between $3.58 and $4.50, according to analysts. In 2010, non-GAAP EPS was $2.86. The next earnings release is on April 21, when the Street expects to see between $0.72 and $0.89. In comparison, Q1 2010 produced $0.62.

SLB shares trade with a P/S multiple of 4.1. From 2005 to 2007, these multiples were 4.2, 4.1, and 5.2, respectively. If the company can produce 40%-plus non-GAAP EPS growth and 20%-plus revenue growth, then expect the multiple to stay in the 4’s. The company also has a D/E ratio of 0.18.

Chipotle (NYSE:CMG) is up 7.1%, since February 28. The company was again featured in Mad Money on March 29. In 2010, GAAP EPS grew by 42.78% to $5.64, after +67.37%. The company made revenues of $1.83 billion, which was an increase of 20.91%, after +14% in 2009. The EBT margin improved to 15.74% from 13.45%.

In 2011, analysts expect non-GAAP EPS to be between $6.30 and $7.35. In 2010, non-GAAP EPS was $5.64. The next earnings release is on April 20, with analysts expecting to see between $1.25 and $1.62. In comparison, Q1 2010 produced $1.19.

CMG shares trade with a P/S multiple of 4.5. This is the company’s highest multiple since 2007. The company also has no debt on its books. Unless the company blows past the higher non-GAAP EPS estimates, these shares are way overvalued. They should be near 3.6 time sales per share.

Perrigo (NYSE:PRGO) is +1.4% since February 28. In FY 2010 through June, the company posted a non-GAAP EPS of $2.83. Analysts expect to see between $3.75 and $4.18 in FY 2011. The next earnings release is on April 25.

Perrigo is a leading global healthcare supplier that develops, manufactures and distributes OTC and generic prescription (Rx) pharmaceuticals, infant formulas, nutritional products, active pharmaceutical ingredients (NYSEMKT:API) and pharmaceutical and medical diagnostic products. The company is the world’s largest store brand manufacturer of OTC pharmaceutical products and infant formulas. The Company’s primary markets and locations of manufacturing and logistics operations are the US, Israel, Mexico, UK and Australia.

Ralcorp (NYSE:RAH) is down 0.5% since February 28. In FY 2010 through September, the company posted a non-GAAP EPS of $4.68. Analysts expect non-GAAP EPS to be between $5.00 and $5.55 in FY 2011. The next earnings release is on May 5.

Hain Celestial (NASDAQ:HAIN) is +10.9%, since February 28. In FY 2010 through June, the company posted non-GAAP EPS of $1.02. In FY 2011, analysts expect between $1.26 and $1.31. The next earnings release is on May 2.

Whole Foods (WFMI) is +11.1% since February 28. The company posted a non-GAAP EPS of $1.43 in FY 2010 through September. For FY 2011, the Street expects to see between $1.70 and $1.90. The next earnings release is on May 9.

Source: Jim Cramer's Surprisingly Good Buy Ideas From February