Buy Macy's Stock? Jim Cramer Says Read the Balance Sheet First

Katherine Ross

Hey investors, looking for some financial education?

Jim Cramer has some thoughts on how to read a balance sheet, which he told TheStreet's Katherine Ross on Monday is key to being successful in this market. 

So, how can investors learn how to read a balance sheet if they haven't already?

Cramer gives the example of Macy's.

"Macy's is seeking $5 billion to save itself. Bond salespeople are amazing. They can wine and dine anyone into buying anything. But I this era of Covid-19, can they zoom anyone into anything? I guess so. People bought Penney bonds not that long ago when that seemed -- and was --pathetic. But there is simply no way any investor should buy those bonds unless it turns out that the president has a soft spot for his old partner," wrote Cramer in his April 22 Real Money column. 

So, why is Macy's a good example to use when trying to learn about balance sheets?


Watch the full video above for Cramer's full take.

Want to know what Jim Cramer and his team at Action Alerts PLUS are thinking about the markets and the stocks they're watching? Sign up on Action Alerts PLUS for more.

Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show.

Watch More of the Latest Videos on TheStreet and Jim Cramer

Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.

Ask Cramer