Jim Cramer on UnitedHealth Group: "I Can't Pound the Table"

UnitedHealth Group Incorporated (NYSE:UNH) is one of the 11 stocks that Jim Cramer recently commented on. Having bought half the amount of shares they intended to a while ago, a caller inquired whether now would be a good time to purchase the remaining half. In response, Cramer said:

“Well, I’ve gotta tell you, there’s going to be what I think is a clearing event on July 29th where they’re going to talk about it. And I think that you might have, look, you may have to pay up 50 points if it turns out this is a good event. But I’m not going to tell you to buy more right now, and why?

Because they had irregularities, and the irregularities mean to me that maybe it’s a more of a dice roll than you think. I happen to think, by the way, that Steve Hemsley, who’s the CEO, I think the world of him, that makes me inclined to say, keep the stock. But I can’t tell you to pound the, I can’t pound the table because in the end, UnitedHealth did some things that were wrong. And when you do something that is wrong, I do not put my name on your stock.”

UnitedHealth Group (NYSE:UNH) is a diversified healthcare company that provides a broad range of health benefit plans, care delivery services, pharmacy care programs, and data-driven solutions.

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Disclosure: None.