I like Jim “Mad Money” Cramer’s fiery, breathless style. He shatters the cliche of the boring financial analyst. He makes stock chat fun.

Recently I caught the tail end of one of his Mad Money TV shows where he was going crazy (in a good way), sweating up a storm and saying: “Buy! Buy! Buy!” He made it to my to-do list of people’s websites to check out.

Today I made good on that and joined Cramer’s website, thestreet.com and read his most recent radio recap:

he explained the logic of his former $350 price target. He said he used an EPS estimate of $7 for 2006 and applied a 50 multiple to arrive at $350. Now, that $7 EPS estimate for 2006 is below all the estimates on the Street, and a 50 multiple is conservative for a company with the kind of growth Google is demonstrating, he said. One could argue Google could make $10 in 2007, said Cramer.

BTW, on Cramer’s TV show I caught him telling a caller that he felt Microsoft was a good buy too. Those who sign up for free to thestreet.com can listen to Cramer’s audio archives for free. On his radio show, he has a message for people who didn’t jump aboard the GOOGle wagon; he asks people to please buy YaHOO. Cramer calls Google “Howard Stern, the king of media.”

Booyah!

For newer readers wondering how they can buy some Yahoo (YHOO) or Google (GOOG) stock without dropping thousands of dollars, check out Sharebuilder (the oldbies already know I’m a Sharebuilder fan) .

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