Jim Cramer on Lamb Weston: "I'm Going to Steer You Away From That Stock"

Lamb Weston Holdings, Inc. (NYSE:LW) is one of the stocks Jim Cramer commented on. During the lightning round, a caller inquired about the company, and Cramer commented:

“Lamb Weston, man… I gotta tell you, I think it’s interesting because there’s a lot of people circling it, but I hate to buy a stock just because I’m hoping for a takeover. So I’m going to steer you away from that stock and from that group, which is really a nightmare.”

Lamb Weston Holdings, Inc. (NYSE:LW) produces and markets frozen potato products, appetizers, and commercial ingredients under its own, licensed, and private-label brands. In a December 2024 episode of Squawk on the Street, Cramer discussed the stock and said:

“When asked how you can go wrong making fries, “What do they think the financial results are? What are the financial results of this man coming in. . . .of this change, the COO coming in [AS CEO]? . . . Disastrous!” “Look, this company was doing better than its spin-off would have been, the company was spun off from Conagra. Uh, and I always felt, but hold on, wait a second, maybe Conagra should have kept french fries but in the end this is a company that is now worth $9 billion versus $12 billion when Conagra completely reversed. There was some way to make this company better. And you don’t pick the guy whose part of the regime.” “You know what you do? You go to Jana and say hey you know what? Get us a guy. You know who would do better than this guy? Maybe Mr. Potato Head. Mr. Potato Head has game.”

Since the above comment was made, the stock has declined by over 16.6%.

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