Jim Cramer: International Paper Is Inexpensive But Faces FX Headwinds
Jim Cramer says International Paper is cheap, but the company is dealing with the strong dollar.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said shares of International Paper (IP) - Get Report are cheap, but the company is grappling with the strong dollar. 'The dollar absolutely has to go down in price and there has to be less capacity coming on,' Cramer said, adding that it's a cyclical stock and at this stage in the cycle, it's not the best time to own the stock.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
