Opinions
Jim Cramer - Mad Money
Traeger
COOK-N
DON'T BUY
Jul 25, 2022
Share have been falling for a while after booming during the lockdowns when people bought grills and BBQs. Now, that's over. Also, they carry around $385 million debt and are valued roughly that much. The only hope is that they get taken over by a bigger company, but doubtful given the debt. Weak YOY sales, too.
$3.270
Stock price when the opinion was issued
Consumer Products
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COMMENT
It went public in July. Last week, it reported better than expected sales, but not earnings which were way down, YOY. Shares fell from $19 to $14 in days, down 50% from August highs. He recommended this at higher levels, but still believes in this if they sort out their margin problems.
Consumer Products