, Jim Cramer said Wednesday on
"Stop Trading!" segment.
Cramer said investors shouldn't be discouraged by soft same-store sales numbers out early Wednesday, which sent the retailer's stock down 4% in afternoon trading. Cramer said the company is a great merchandiser -- so sometimes its bets work and sometimes they don't. But every Costco miss "has been a great opportunity," Cramer said, for investors to buy the stock on the cheap.
Cramer also shrugged off comments from
suggesting that less-affluent customers have been pushed out of the stores by falling house prices and declining home-equity borrowing. Cramer said he questions how much influence those factors really exert on coffee sales, even if a cup at Starbucks does "cost $17 or something."
Cramer said the selloff in
has been "overdone."
Cramer continues to like
wireless plans "the elephant in the room."
At the time of publication, Cramer had no positions in stocks mentioned.
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