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

Aramark

(RMK)

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.

James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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