Editor's Note: This was sent to subscribers of Action Alerts PLUS on May 11 at 12:49 p.m. EDT.



is enjoying a notable 2% rally today after reporting solid March quarter earnings of 26 cents a share. This was in line with expectations. The company posted single-digit organic growth in each of its business units.

Aramark is on track to post its fourth straight year of double-digit earnings improvement in fiscal 2005 (ending September), and the year-over-year comparisons become much easier in the second half, with the anniversary of the NHL lockout approaching.

Aramark is very attractive at less than 15 times expected 2006 earnings. That's a small premium to pay for a non-cyclical company that is on track to generate $1 billion of operating cash flow this year. I'm restricted from trading Aramark today, but wanted to alert you readers to do so if you have not made a purchase around these levels.

At the time of publication, Cramer was long Aramark.

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