cramer has free access today. this letter to his aa clients gives a good picture of his style. buy a slight pullback off a high and then keep averaging down.
Cabela's (CAB:NYSE - commentary - research) hit another fresh 52-week low this morning, and I'm going to pick at the stock with a purchase of 300 shares after you read this.
At $18.59 a share, the retailer is 20% below my cost basis and trades for less than 15 times expected 2006 earnings. Cabela's remains on track to open four new megastores this year, and I believe it can take market share in the growing but fragmented outdoor sporting goods market. With that in mind, I believe Cabela's can recover into the low $20s by the end of the summer.