has lost its fizz, Jim Cramer said on
"Stop Trading!" segment Monday.
Cramer said he sees the company's highly profitable snacks business "taking a cliff walk" as health-conscious Americans cut back on Fritos, Doritos, Tostitos -- perhaps even Cheetos. Cramer cited the increasing scrutiny of so-called trans fats that supposedly damage the heart. "Stay away," he counseled.
(Editor's note: Snack foods made by PepsiCo's Frito-Lay division, including Doritos, Cheetos and Tostitos, do not contain trans fats.)
Cramer also said he would be glad to be selling any number of the stocks that private equity is buying lately. "They can't find a balance sheet they don't want," Cramer said. "They'll take private anything."
With that in mind, Cramer said the following stocks could have private equity takeover written all over them: Radio player
, and fast-food plays
Jack in the Box
"If they can do
( OSI)," Cramer said of the deep-pocketed take-private guys, "they can do anytyhing."
As originally published, this story contained an error. Please see
Corrections and Clarifications.
At the time of publication, Cramer had no positions in stocks mentioned.
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