Cramer on BloggingStocks: Heinz, P&G overcome rising costs - Jim Cramer

Sign Up | Log In | What is SocialPicks?

Cramer on BloggingStocks: Heinz, P&G overcome rising costs
May 01, 2008 08:40 AM UTC

Jim Cramer

Return	Risk
+2.37%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
HNZ		05/01/08	-0.23%	05/08/08
WWY		05/01/08	n/a	--
PG		05/01/08	+4.48%	08/26/08

Via BloggingStocks:

Filed under: Market matters, Procter and Gamble (PG), Wrigley, (Wm) Jr (WWY), Stocks to Buy, Cramer on BloggingStocks

TheStreet.com's Jim Cramer says they have successfully increased price, and their stocks have room to run.

It's tough not to be a Pollyanna after talking to Bill Johnson, the CEO of Heinz (NYSE: HNZ) (Cramer's Take), and after reading the Procter & Gamble (NYSE: PG) (Cramer's Take) quarterly transcript. Both of these companies have had to deal with hundreds and hundreds of millions of dollars of raw cost increases, and both have not only come through with flying colors but are more profitable than I bet even they thought they could be.

PG is amazing. Almost every business was up much more than people thought possible, with divisions like razors and hair care (shampoo) so strong that you would think that suddenly a large part of the populace has decided to start shaving and shampooing for the first time.

Innovations, like the Fusion blade, have produced remarkable returns in a short time, as Fusion is yet another billion-dollar brand that didn't exist a couple of years ago.

Continue reading Cramer on BloggingStocks: Heinz, P&G overcome rising costs

Permalink | Email this | Comments

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.