Jim Cramer: Stay Away From Mattress Firm

TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer awaits quarterly results from Mattress Firm (MFRM) , released on Monday after the markets close. 'I don't want you in Mattress Firm,' Cramer said. 'They bought too much - they have too much debt.' Analysts expect Mattress Firm to report fiscal fourth quarter earnings of $0.56 a share on sales of $622.36 million. During the same quarter last year, the company posted earnings of $0.41 a share and revenue of $598.3 million. Shares of Mattress Firm lost six percent since the start of the year. The broad S&P 500 gained 0.3 percent.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.