Jim Cramer: Why Slack Is an 'Orphan'

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Happy full trading day to Slack (WORK) - Get Report

The company had its first official trade on the public markets a little after noon on Thursday. 

And, while Jim Cramer likes the company, he has some concerns about the fact that he considers the company to be an "orphan."

Cramer broke it down in his Real Money column Friday morning. 

Here's what Cramer wrote.

How about Slack Technologies? I really like the story. Individuals like Slack and then they ask their companies to provide it because of how much it augments community...Remember, while it is big you still don't have index fund money that can go into it. It's an orphan among stock-picking portfolios and you can only have so many of those.

Cramer further explained why he thinks that the company is an orphan. Watch the video to learn more. 

Related. Jim Cramer: Be Aware of Possible IPO-O, aka Initial Public Offering Overload

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