Jim Cramer Says Prologis' Quarter "Made People Forget the Tougher Times"

Prologis, Inc. (NYSE:PLD) is one of the stocks Jim Cramer recently offered insights on. Cramer discussed the after-effects of the company’s latest earnings. He said:

“We had a bit of a slowdown in parts of commercial real estate, including warehouses. It’s weighed on the entire industry, including the stock of Prologis. But this week, the company reported a quarter that made people forget the tougher times, and it married that with a report of a very positive outlook.”

Prologis, Inc. (NYSE:PLD) is a logistics real estate company with ownership or investments in multiple and development projects. When a caller asked for Cramer’s advice whether they should start a long-term position in the stock, he replied:

“I love Moghadam. He’s terrific. I am not as keen on the warehouse market right now. I think that there’s, I think you have too much space in it, and I don’t think they need that, they’re going to put up as many as before. But if I got a price break, if I got it down to here, I would take action. But right now, I’m not. I’ve got other stocks I like more. I don’t feel that I need to take a position in Prologis. Great company, I just don’t feel I need that position.”

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