We recently published 10 Stocks Jim Cramer Discussed Including His Palantir Deep Dive. Kimberly-Clark Corporation (NASDAQ:KMB) is one of the stocks Jim Cramer recently discussed.
Kimberly-Clark Corporation (NASDAQ:KMB)’s $48.7 billion Kenvue acquisition announcement was well-received by Jim Cramer despite the stock’s negative reaction. The CNBC TV host believes that the deal allows the firm to benefit from Kenvue’s brand portfolio and combine it with its distribution and customer channels:
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“And by the way, David, I’m gonna go one step further, I think that Michael Hsu, Kimberly Clark, is down, so enough is enough. “
Well I think that Kimberly-Clark is a really well run company when it comes to the two most important channels in the world. The club channel and the e-commerce channel. Kenvue was probably the worst when it came to those two. It had no strategy whatsoever. I think that Michael Hsu recognizes that the case law is really on the side of Tylenol and he’s willing to have it litigated again. He also recognized, by the way, that J&J, when they decided to take on every single one of the plaintiffs when it came to talc, stock went from 150 to 190.
“You’re dealing with a company David that is now going to be bigger than Unliver which would really be incredible. . .I think that Shu’s doing a really good job. You know this is an example yet of the people say the market’s really expensive. Kimberly-Clark is a premier company with a great brand. It’s 14 times earnings.”
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Disclosure: None. This article is originally published at Insider Monkey.