Jim Cramer on Broadcom: "It Wouldn't Hurt You to Buy More"

Broadcom Inc. (NASDAQ:AVGO) is one of the stocks Jim Cramer recently offered insights on. Mentioning that they bought a small position in the stock three weeks ago, a caller asked whether they should buy more now or wait. In response, Cramer said:

“Well, I like Broadcom very much. I usually don’t like to violate basis, you know, you’ve already got a good position, I’m sure. But we own this one for the Charitable Trust, and Jeff Marks and I go back and forth all the time about how great it is, and it’s certainly included in my book, How to Make Money in Any Market. I would tell you this: it wouldn’t hurt you to buy more. I think it’s that good a situation.”

Broadcom Inc. (NASDAQ:AVGO) develops and provides semiconductor and infrastructure software solutions for networking, telecommunications, and data centers. During the September 8 episode, Cramer highlighted that the company stock is the biggest position in the Charitable Trust, as he commented:

“Okay, let me tell you something, Broadcom is the biggest position for my Charitable Trust. Oh, we love it for the club. It’s a fantastic story of private-label chips.”

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