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.

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.

While we acknowledge the risk and potential of DHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DHR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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