Cramer's MAD MONEY: Buy Spin-off Hanesbrands
Last night on Cramer's MAD MONEY discussed a spin-off of Hanesbrands (HBI) fom Sara Lee (SLE).
He asked if a spin-off makes sense. He referred back to the GM-Delphi spin-off and said they were too tangled for a spin-off.
He asked if it made sense for a cup cake and meat company to own an underwear company. He said these are not likened to each other and they needed to be under a different roof. He asked if HBI can make you money, and said yes. He thinks HBI can make you money.
Hanesbrands-HBI shares traded up 2.3% to $23.18 in after-hours trading after Cramer said itcan make you money.
He even referred back to the Freescale spin-off, the Coach spin-off, and the Darden spin-off as comparisons.
He did say that Sara Lee forced it to take on a lot of debt, but their lower margins may improve since they have moved internationally on manufacturing.
In call-ins he was positive on Under Amrour (UARM) and negative on Jos. A Banks (JOSB).
Jon C. Ogg
He asked if a spin-off makes sense. He referred back to the GM-Delphi spin-off and said they were too tangled for a spin-off.
He asked if it made sense for a cup cake and meat company to own an underwear company. He said these are not likened to each other and they needed to be under a different roof. He asked if HBI can make you money, and said yes. He thinks HBI can make you money.
Hanesbrands-HBI shares traded up 2.3% to $23.18 in after-hours trading after Cramer said itcan make you money.
He even referred back to the Freescale spin-off, the Coach spin-off, and the Darden spin-off as comparisons.
He did say that Sara Lee forced it to take on a lot of debt, but their lower margins may improve since they have moved internationally on manufacturing.
In call-ins he was positive on Under Amrour (UARM) and negative on Jos. A Banks (JOSB).
Jon C. Ogg
posted by douglas mcintyre at 4:29 AM
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