Did you sell Google

Cramer

Cramer's 'Mad Money' Recap: Google Is Always in Season

By TheStreet.com Staff
7/22/2005 7:15 PM EDT


Did you sell Google (GOOG:Nasdaq - news - research) on Thursday night? That's what Cramer asked his viewers at the outset of his "Mad Money" show on CNBC Friday night. "If you sold Google yesterday, you panicked," Cramer said. "This is a case of pure, unadulterated panic."

The journalists acted like it mattered, Cramer said. "And they caused a stampede." The "it" he was referring to is seasonality. Uninformed reporters acted like seasonality matters, he said.

"Don't listen to the words that management says," either, Cramer continued. Management gave investors the runaround the quarter before as well when it talked about seasonality. These growth companies don't have seasonality, Cramer said. "Seasonality doesn't make a bit of difference to Google," he said. What matters is earnings, which will be $8 a share next year.

Cramer said the stock is cheaper than Yahoo! (YHOO:Nasdaq - news - research), eBay (EBAY:Nasdaq - news - research), Marvell Technology (MRVL:Nasdaq - news - research) and Whole Foods Market (WFMI:Nasdaq - news - research). Still, even with Prudential's $400 price tag -- which it affixed to the stock earlier this week -- Cramer said that he is holding to his $350 target for the stock.