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EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Parting Ways With an Old Pal

That's why I share Goldman's sentiment that it is time to part ways with a terrific stock like Kimberly with the idea that it will move lower and a better entry point awaits. I dwell in Kimberly because I can't recall another time when it was this expensive vs. earnings and I just can't countenance buying the darned thing.

I have done a lot of work over the last few months analyzing what my charitable trust has done right and what's been done wrong over the last decade and one of the most important mistakes has been to pay too much for companies with slow or perhaps slowing growth, as Goldman Sachs says is possible with a more rejuvenated Procter & Gamble going after it.

So, even Kleenex, at a certain price, is too expensive. As I dab my eyes, I say so long for now to this long-standing recommendation and please don't get a takeover bid without me.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

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