Jim Cramer Says to "Wait For a Pullback" on Lincoln Electric

Lincoln Electric Holdings, Inc. (NASDAQ:LECO) is one of the stocks Jim Cramer shared his thoughts on. Answering a caller’s query about the company, Cramer stated:

“Alright now, Lincoln Electric’s never going to be cheap because it’s a classic industrial, and people like the industrials. I think you gotta wait for a pullback because it’s up on a spike. So let’s wait for a pullback, and then we’ll do some buying.”

Lincoln Electric (NASDAQ:LECO) designs and manufactures welding, cutting, and brazing products, automated systems, and mobile power solutions. The company also provides robotics, custom assembly equipment, and software for industrial applications across various sectors. Cramer also discussed the company in a January episode, as he said:

“It did miss, it missed the revenues, okay, but you know what, this is a company that is so down from where it was, it’s down 80 points. I think you can buy it. I like the company’s got welding and welding is a, there are very few welders around, but that is a, that is a great manufacturer.”

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Disclosure: None. This article is originally published at Insider Monkey.