Jim Cramer Says "I'm a Buyer of Chewy"

Chewy, Inc. (NYSE:CHWY) is one of the stocks Jim Cramer answered questions about. When a caller inquired about the stock during the episode, Cramer commented:

“So, Sumit Singh was on the show recently, and I got to tell you, I totally agree with you, but we are fighting a trend. People feel that Amazon can’t be beaten, and I think that’s wrong. Chewy’s got a lot of ancillary businesses that will really help them. I’m with you. I’m a buyer of Chewy.”

Chewy, Inc. (NYSE:CHWY) runs an online marketplace for pet food, supplies, medications, and health products, along with a range of pet services. Cramer discussed the company during the December 10 episode and remarked:

“Well, here’s a confusing one. This morning, we got this set of numbers from Chewy, the online store for pet food and pet supplies that I have told you I like very much. [The] company reported a modest top and bottom line beat, also raising the low end of their full-year forecast. At the same time, though, the guidance for the current quarter seemed to be a little light. Wall Street seemed to have a hard time figuring out what to make of these results. Stock initially dropped in pre-market trading. Then it came roaring back and opened almost up 7%. Then immediately pulled back from its high, spending the rest of the day fluctuating between positive and negative territory, with the stock… finishing up about 1.5%. It was just crazy.”

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