Albertsons Companies, Inc. (NYSE:
ACI) is one of the
stocks Jim Cramer recently talked about. A caller asked whether to hold the stock after the failed merger and Amazon’s launch of its grocery business. Cramer commented:
“I don’t like Albertsons here because of exactly what you just said. I think that’s the worry. I do like Kroger. But you know what’s come down just so badly, and we’ve been buying is Costco. I mean, it’s almost as if Costco’s not a good company, and it’s a very good company. That’s the one I prefer you to be in.”
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Albertsons Companies, Inc. (NYSE:ACI) operates food and drug retail stores that provide groceries, pharmacy services, fuel, and general merchandise. Additionally, the company produces food products for its stores and runs distribution, manufacturing, and digital operations. During the May 23 episode, Cramer called it a survivor, as he remarked:
“Once they got away from that merger, I think that people realized the value of the company. It’s still a low multiple stock. I happen to like Kroger more, but I’ve gotta tell you, this is a survivor, and I think that Albertsons’ going to keep going higher.”
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Disclosure: None. This article is originally published at
Insider Monkey.
