Jim Cramer Calls ODP an "Interesting Spec"

The ODP Corporation (NASDAQ:ODP) is one of the stocks on Jim Cramer’s radar. During the lightning round, a caller inquired about the stock, and Cramer replied:

“Yeah, but you know, you gotta look… away from the US to understand why ODP actually could be an okay situation. I’m not going to fight a six-time earnings stock as long as it’s making money. I think you’re okay. It’s an interesting spec.”

ODP (NASDAQ:ODP) provides business supplies, digital workplace solutions, and support services through retail, e-commerce, and distribution channels. The company’s products include office products, furniture, technology, and supply chain services for organizations of all sizes. Greenlight Capital stated the following regarding The ODP Corporation (NASDAQ:ODP) in its Q4 2024 investor letter:

“We sold The ODP Corporation (NASDAQ:ODP) after three and a half years at a -13% IRR. We originally believed that while the retail business was deteriorating, the business-to-business unit was stable and quite valuable. Over the years, management spent a lot of money on growth initiatives that ultimately failed. More recently, the business-to-business unit showed deteriorating results. This surprised us, and after updating our field research, we concluded that ODP’s competitive position has deteriorated substantially. As such, we took our loss.”

While we acknowledge the potential of ODP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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