RealMoney Radio Recap: Mystical California Pizza

Editor's Note: Today's marks the final day of Jim Cramer's RealMoney Radio show and the RealMoney Radio Recap. Jim will now be focusing on initiatives at TheStreet.com, including video work like his daily Market Updates. Be sure to come to TheStreet.com to check them out. And sign up for the Daily Booyah newsletter if you haven't already -- we'll send you an email twice a day with recaps of what Jim's said in his videos and on his Mad Money TV show.

Although profits are a good indicator of how companies have done, there are many ways companies can change the bottom line, so people must look at the company's "top line," Jim Cramer said on his "RealMoney" radio show Friday.

California Pizza Kitchen(CPKI Quote - Cramer on CPKI - Stock Picks) and Coldwater Creek (CWTR Quote - Cramer on CWTR - Stock Picks) both "stumbled" last month, he said.

But even though Coldwater is down "a cool six points" since last week, it has a history of "swooning" and then coming back up, Cramer said, adding that he believes those who use this as an opportunity to buy the stock should be happy in the long run.

Meanwhile, California Pizza Kitchen "committed the unpardonable sin of guiding down for the quarter and for the year," which market players never want to hear, he said.

However, Cramer said he believes the reason the company gave for doing this, which is that it has had a difficult time working with small individual contractors that install its restaurants into malls.

"I have no reason to doubt this," he said, especially because the stores that are open are doing "fabulously." As Cramer believes California Pizza Kitchen to be "one of the fast-growing casual dining companies in the country," he said he would not abandon it.

Fools' Frenzy

People tend to get caught up in "pockets of emotional frenzy," which is what is causing the "hideous" selloff today, Cramer said.

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