During ‘Mad Money’ show aired on CNBC, Jim Cramer yet again revisited three of the most important stocks, J C Penney Company Inc (NYSE:JCP), Royal Caribbean Cruises Ltd. (NYSE:RCL) and Globalstar, Inc. (NYSEMKT:GSAT). While Cramer does not regard J C Penney Company Inc (NYSE:JCP) as the one with an excellent fundamental, he undoubtedly appeared bullish on both Royal Caribbean Cruises Ltd. (NYSE:RCL) and Globalstar, Inc. (NYSEMKT:GSAT).
Amid an environment, where a lot of companies are becoming an attractive takeover target, Cramer is absolutely negative on J C Penney Company Inc (NYSE:JCP) to be anywhere in the list of acquisitions. Cramer said that though he had described the points where J C Penney Company Inc (NYSE:JCP) appeared to be stronger on fundamentals, but stressed at the fact that its retail segment is still too weak. He said, “I don’t think one retailer actually wants to buy another retailer, unlike other segments.” However, Cramer reiterated that the fundamentals of the struggling company are recovering and improving.
Shifting focus on cruise based stocks, Cramer is highly optimistic about Royal Caribbean Cruises Ltd. (NYSE:RCL) as he regards the company to be valued at the best level. Cramer said that the cruise stocks are low-priced but considers Royal Caribbean Cruises Ltd. (NYSE:RCL) as the cheapest of all. Moreover, Cramer believes that the cruise based stocks have a higher hidden value and recommend it as a strong buy. It is noteworthy that Royal Caribbean Cruises Ltd. (NYSE:RCL) has recorded a gain of 8% in the last three months and has moved up by nearly 17% on a year-to date basis.
Finally, Cramer strongly shrugged off concerns about the recent dive in the share prices of Globalstar, Inc. (NYSEMKT:GSAT). He went on to explain that a drop of a mere $0.09 is not exactly a dive, but actually an exciting opportunity to buy the stock at a better price. During the last month, Globalstar, Inc. (NYSEMKT:GSAT) had rolled out a new technology called ‘Sat-Fi’ and is surely a winner according to Cramer.
Disclosure: none
