Jim Cramer on Danaher: “I Don’t Want You Anywhere Near That One”

Danaher Corporation (NYSE:DHR) was among the stocks Jim Cramer discussed during Mad Money, as he called the growing wave of stock offerings and debt issuance a threat to the bull market. Expressing their wish to diversify, a caller inquired about the stock, and Cramer commented:

Danaher’s been a huge disappointment, and we managed to get out of it… I don’t want you anywhere near that one. It’s really unfortunate. I think it can go higher, and it’s got a good chart, believe it or not, but it’s just not working.

Photo by Adam Nowakowski on Unsplash

Danaher Corporation (NYSE:DHR) provides instruments, consumables, software, and services used in bioprocessing, life sciences research, and clinical diagnostics. Cramer mentioned the stock during the June 1 episode and said:

Danaher, once among the most revered companies in the entire market, still trades at 21 times earnings. But at these prices, it’s clearly overvalued because it’s only putting up 4 to 6% organic growth. Thermo Fisher’s trading at less than 20 times earnings, but it has a 1% organic growth rate. Management was guiding for 3 to 4% later.

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