This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer Still Likes PVH

NEW YORK ( TheStreet) -- Jim Cramer explains why he still likes PVH, even after its recent pullback.

Debra Borchardt:

PVH (AAPL)recently announced that they're going to have some layoffs with their Warnaco acquisition. Jim, PVH is a stock that you have liked?

Jim:

Yes.

Debra Borchardt:

You've like it for a long time. I've got to say. I have liked it too. I think it's been a great stock. I've got to say though, are we going to still like it here because it seems like it's starting to roll over a bit? There have been maybe some conflicts in the analysts. Some like it, some don't like it.

Jim:

Right.

Debra Borchardt:

Where are you starting to fit in? Are you starting to feel like that it's run its course?

Jim:

I don't think so. I think Manny Chirico 's done a great job integrating Tommy Hilfiger. A lot of people thought that Tommy Hilfiger was a suspect acquisition. I think that Warnaco is a natural fit. I had proposed on Mad Money that they buy Warnaco. I'm going to give you what is kind of a superficial case here though. In a market that's red hot. I don't want these hundred dollar stocks or places that people use to raise funds. We own Black Rock and Goldman Sachs for Action Alerts. They're just the heat seeking missiles. I wish I could raise a lot of money really fast and that's been the problem with PVH. Now obviously that's superficial because it's the dollar amount which we really care about. It's the earnings per share. But when the thing settles and it rolls over and the stock did have a big spike after they reported, then I think you want to buy PVH because Manny has been remarkable at integration. So my take is let it come in, but remember, go back and look at what happened with Tommy Hilfiger. You had quarter after quarter after quarter that it did well and now you've got this house of brands that is Calvin Klein. Warnaco was very under-managed. It was poorly run. Manny is a great operator. This will turn out to be a brilliant acquisition.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PVH $115.28 0.71%
AAPL $115.07 -2.80%
FB $94.44 0.32%
GOOG $630.14 -0.17%
TSLA $262.80 1.10%

Markets

Chart of I:DJI
DOW 17,609.69 +11.49 0.07%
S&P 500 2,098.65 +0.61 0.03%
NASDAQ 5,115.7690 +0.3870 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs