Jim Cramer on StubHub: "We Don't Want to Own the Ones That Are Losing Money"

StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer answered questions about. Answering a caller’s query about the stock during the lightning round, Cramer said:

“No, they’re losing too much money. We’re going to stay away from them. We don’t want to own the ones that are losing money. We got so many that are making money. They’re going down. We need the losers.”

StubHub Holdings, Inc. (NYSE:STUB) runs a digital marketplace for buying and selling tickets to live events, including sports, concerts, and theatre, through its StubHub and viagogo platforms. Cramer highlighted the company’s first results after going public during the November 13 episode and called the results “disappointing.” The Mad Money host said:

“Because of those soft results from Ticketmaster, I’d also like to point out that StubHub, a similar business that I warned you away from after it came public in September, is now down 20% from its IPO price. Not good. In fact, it’s now down more than that because the stock is moving lower in after-hours trading, after StubHub reported a disappointing result in its first earnings report as a public company after the close tonight, first.”

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