Mad Money Machine

We found our secular softgoods

Last night’s Mad Money featured a stock so beaten down, we just gotta buy it to fill our secular softgoods slot.

Remember we sold Sara Lee (SLE) after running out of patience with the thing. Probably a good move. At least it is a lucky move, because we sold it and went into cash just before the big meltdown.

Jim says that Chico’s is best of breed and is down to $29 from $40 just a couple of months ago. He says the stock will likely come storming back. The catalyst will be improved sales. And once Wall Street sees that, there will be lots of analyst upgrades which should make the stock soar.

Let’s hope so, the Cramer Portfolio ain’t lookin’ so hot these days.