NEW YORK (
(JAH - Get Report) is a smart play if you believe appliances are making a comeback, Jim Cramer said Monday during his "Stop Trading!" segment on CNBC.
Jarden raised its fourth-quarter revenue forecast on Monday and said it expects sales for both the quarter and the full year to exceed analysts' expectations.
Jarden also plans to offer $400 million in senior subordinated notes due 2020 -- and Cramer says this bond deal will be successful.
Cramer compared Jarden to companies like
(SJM - Get Report), which have both thrived through acquisitions.
According to Cramer's research, Jarden has about 46% of the shelf space in the appliance section at
, which shows just how massive its portfolio of brands truly is.
reported a wider fourth-quarter loss on Monday, sending shares tumbling 6.8% to $11.50 in afternoon trading.