17 Stocks on Jim Cramer’s Radar

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12. The ODP Corporation (NASDAQ:ODP)

Number of Hedge Fund Holders: 21

The ODP Corporation (NASDAQ:ODP) is one of the stocks on Jim Cramer’s radar. During the lightning round, a caller inquired about the stock, and Cramer replied:

“Yeah, but you know, you gotta look… away from the US to understand why ODP actually could be an okay situation. I’m not going to fight a six-time earnings stock as long as it’s making money. I think you’re okay. It’s an interesting spec.”

ODP (NASDAQ:ODP) provides business supplies, digital workplace solutions, and support services through retail, e-commerce, and distribution channels. The company’s products include office products, furniture, technology, and supply chain services for organizations of all sizes. Greenlight Capital stated the following regarding The ODP Corporation (NASDAQ:ODP) in its Q4 2024 investor letter:

“We sold The ODP Corporation (NASDAQ:ODP) after three and a half years at a -13% IRR. We originally believed that while the retail business was deteriorating, the business-to-business unit was stable and quite valuable. Over the years, management spent a lot of money on growth initiatives that ultimately failed. More recently, the business-to-business unit showed deteriorating results. This surprised us, and after updating our field research, we concluded that ODP’s competitive position has deteriorated substantially. As such, we took our loss.”

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