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Cramer is always looking for ways gauge the economy. One of the best, he has found, is to find out what and where people are eating. Are they dining in or out? Frugal or fancy? Once he knows what works, then he can try to help viewers profit from it. He used this thesis to make calls on both Darden [DRI
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], Brinker [EAT
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] and McDonald's [MCD
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] back in late January.
Well, to get an insider’s look at the food business, Cramer tapped legendary chef and restaurateur Emeril Lagasse for an interview. Lagasse, of “Bam!” fame, owns 10 fine-dining establishments, with number 11 due to open May 22 at the new Sands resort in Bethlehem, Pa. He is also the author of 13 cookbooks. The latest, Emeril at the Grill, was released just last week. And this doesn’t even take into account his signature line of seasonings, salads, pasta sauces, cookware, knives and coffee blends.
So you could say Cramer hosted an expert Tuesday, on all parts of the food sector. Watch the video for Emeril’s take on his business and the economic picture right now.
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