Meyer told Cramer that he liked Chipotle (CMG Quote) not only because of its food but also because of its hospitality and how the management builds a spirit internally to make customers feel at home.
Now that viewers know the subjective side of Chipotle's story, they can understand why it's more valuable, Cramer said. On the other hand, Ruth's Chris Steak House (RUTH Quote) rates lower, even though it's a high-end restaurant, because you don't get your money's worth with the American beef it serves, Cramer said. "The quality is the problem." Also, Darden Restaurants (DRI Quote) has a low multiple because there is nothing special about Red Lobster or Olive Garden in regard to the food, the service or the hospitality, Cramer said. Therefore, even though Chipotle is the most expensive stock, it is worth it because its key metric is high, he said.Sell Block
In his "Sell Block" segment, Cramer told viewers to sell and take profits in Boston Scientific (BSX Quote). He also advised people to do some schnitzeling with Gilead Sciences (GILD Quote) but to feel free to stay in it for the long haul. Cramer urged market players to sell Laureate Education (LAUR Quote) now, as its CEO just announced a leveraged buyout for the company. Moreover, he said that getting behind 3M (MMM Quote) was a mistake and that its last quarter was "awful."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,270.47 | 1,093.48 | 2,167.88 | 34.29 |
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