Jim Cramer Says "Apollo's a Cheap Stock"

Apollo Global Management, Inc. (NYSE:APO) is one of the stocks Jim Cramer recently shed light on. A caller asked if the stock is a buy, noting its low valuation, strong long-term growth prospects, and underestimated market potential. Cramer commented:

“You just sold me on Apollo. I love the case… Listen to that guy. He knows more than all the Wall Street guys put together. I think Apollo’s a cheap stock. I think this guy, Marc Rowan, I invite him on the show… This company is a very smart company. I am a believer. I’m a believer.”

Apollo Global Management, Inc. (NYSE:APO) is an investment firm that allocates capital across private equity, credit, real estate, and infrastructure. The company invests in both public and private markets across diverse industries and asset classes. Earlier in July, answering a caller’s question about the company, Cramer remarked, “I think Apollo’s real good. It’s real well run. Marc Rowan is very, very smart.”

Over the past year, APO stock has gone up more than 19%.

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