Jim Cramer on Kimberly-Clark: “A Company in the Midst of a Terrific Turnaround”

Kimberly-Clark Corporation (NASDAQ:KMB) is one of the stocks Jim Cramer shared insights on. Cramer said that the company is in the middle of a turnaround, as he stated:

“Again, these are not really the growth stocks that I’m referring to. I’m talking about a company in the midst of a terrific turnaround, like Kimberly-Clark, also, within your 4% yield. Household brands, I like that. I like the restructuring that CEO Michael Hsu is engineering, even though he’s getting almost no, no, he’s getting no credit for it at this point.”

Kimberly-Clark Corporation (NASDAQ:KMB) manufactures and markets personal care and tissue products. Its portfolio includes baby care, feminine care, adult incontinence, household paper goods, and professional hygiene solutions. Cramer talked about the stock in a June episode. He said:

“Then there’s Kimberly-Clark. Today, it took decisive action to cut its exposure in one of the most difficult businesses, its global Kleenex and tissue division, by selling 51% of the business to the Brazilian supplier, Suzano, for $1.73 billion. I like this. Kimberly-Clark gets out of a cyclical business that has not great margins and its far more proprietary business, especially diapers, get to shine.

I thought it was one more attempt by the gutsy CEO, Michael Hsu, to reinvent this company as a consistent grower, much more like Procter & Gamble. I figured the stock could rally a couple of bucks from the news. It was that creative of a deal. Nah, the stock got crushed. It is down more than 2%, crazy town.”

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Disclosure: None. This article is originally published at Insider Monkey.