Jim Cramer on Lumentum (LITE): "I Don't Want You to Be in It"

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the stocks that Jim Cramer shared his take on. Inquiring if it is a real stock, a caller asked if they should continue holding it or sell it. Here’s what Mad Money’s host had to say:

“I think it’s had such a run. I just can’t put you, you know, I can’t say yes to that. Remember… JDSU meant Just Don’t Sell Us and then it became just… well, whatever. But let’s just say don’t compare the two. This is a better company, but I don’t want you to be in it.”

Lumentum Holdings Inc. (NASDAQ:LITE) designs and sells optical and photonic products, including lasers and components, for cloud networking, data centers, and industrial applications. During the lightning round of the December 3 episode, a caller asked about the stock and Cramer responded:

“Yeah, I mean, look, this is just a red-hot spec stock that actually makes money. I’m going to say it’s okay as long as you recognize it’s a spec.”

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