Opinions
Jim Cramer - Mad Money
Warby Parker
WRBY-Q
DON'T BUY
Sep 29, 2021
They make eyeglasses, sold in store and online. It's a good, but not great company. Don't touch this above $40, given its valuation. It IPO'd yesterday but jumped to $54 today. It isn't profitable, so it's overpriced. Makes no sense.
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BUY
It has been hammered like many IPOs from 2020-21. However, its peers have started to turn around. WRBY stock took off when it went public, because its brand was strong. Later, weak numbers came out and people dumped shares. He expects share to move up with its results this week, because there's a giant short squeeze happening now in the Russell 2000 stocks.
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