Mad Money Spotlight: Cramer Taps Tupperware
How much excitement can there be for plastic food-storage containers? You'd be surprised.
As more consumers are eating at home to save money, those little reheatable storage containers are an increasingly significant part of budgetary planning. But every sector must have its winners and losers, and in a battle between Tupperware(TUP Quote) and Newell Rubbermaid(NWL Quote), Jim Cramer said during his "Mad Money" segment on Tuesday that Tupperware is the better choice. While Rubbermaid is cheap and has some great brands like Sharpie, Paper Mate and Calphalon, Cramer said is holds limited upside. The only real potential comes if the company puts itself up for sale, "and that's not enough reason for me to recommend a stock," he said. In the 1980s, Rubbermaid was a great growth stock; then it made a big acquisition that combined it with Newell. That, he said, was the end of the company's upside. For its part, Tupperware delivered a great first quarter, as the company beat expectations and raised its full-year outlook. While it did experience an overall drop in spending, this was offset by its strength in emerging markets. In May, the company declared a quarterly dividend of 22 cents a share, payable on July 6, to shareholders of record as of June 11.- Loading Comments...
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