Jim Cramer's Mad Money In-Depth, 4/10/08: The Toast of Poland

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Includes: AUY, BHI, CEDC, DOLNQ
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Thursday April 10. Click on a stock ticker for more analysis.

Central European Distribution (NASDAQ:CEDC)

Cramer proposed a toast to Poland’s #1 vodka producer, CEDC, which distributes 900 brands of spirits around Easter Europe. Poland’s economy is growing as the government privatizes industries, cuts taxes and the country’s currency is strong. CEDC is starting to move into Russia and is still fairly new in this arena. In addition, CEDC is a virtual unknown on Wall Street with no analysts from a major bank covering the stock. CEDC sells at 22 times expected earnings and has a 24% growth rate. “It takes a very special company to sell vodka to the Russians," said Cramer, “but tonight, I’ve found one.”

Baker Hughes (NYSE:BHI)

Cramer is waiting for BHI to play catch up with the rest of the oils which have moved an average of 18% since January, but BHI has inched up a mere 3%. Although BHI is not as strong as some of its competitors, it supplies major players Chesapeake, Devon Energy, Anadarko and XTO Energy. As U.S land drilling increases, the companies will need BHI’s services more than ever. BHI did not impress analysts the last quarter, but is currently forecasting a 21% earnings increase and 58% of its business is overseas.

CEO Interview: Peter Marrone Yamana (NYSE:AUY)

Cramer’s golden stock, AUY, reported a disappointing quarter, not least because market has put gold stocks “on sale.” Cramer thinks the decline in the sector is merely a classical bull market pullback and believes gold is going higher as the Fed continues to cut rates and there is widespread uncertainty going into the upcoming Presidential election. Finally Cramer said “We simply don’t have enough of the stuff.” Peter Marrone attributed AUY’s disappointing quarter and lackluster production to a transition phase following a recent acquisition. Although Cramer was skeptical, he says he continues to believe in AUY.

Mad Money: Dolan Media (NYSE:DM)

Cramer clarified that he likes DM which missed its quarter but has a great business model. Cramer was thrilled to receive the news from another viewer that the top dog in a Florida greyhound race was named Cramerica.

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