What It Would Take to Get Jim Cramer to Buy Casper Stock

Publish date:
Video Duration:

Casper has officially become a public company under the ticker CSPR at the New York Stock Exchange.

The company opened for trading around $14.50.

Casper priced at the low end of the range, at $12 a share, Wednesday night.

The company had lowered its price range to $12 to $13 from $17 to $19 in an SEC filing earlier this week.

As it prepared to enter the public markets, Casper, which had been thought of as a unicorn (meaning it had a billion-dollar valuation), lowered its valuation to half that, to $500 million.

So what would it take to get Jim Cramer to hop in bed with Casper? 

Cramer said that it's simple, "a takeover bid."

"Do I like this business?" Cramer asked. "No, I do not." 

Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.

Catch up on the Latest Videos on TheStreet!

Related Videos