Jim Cramer on Reddit: “I Think It’s an Incredibly Valuable Property”

Reddit, Inc. (NYSE:RDDT) is one of the stocks mentioned during the show, as we cover everything Jim Cramer said about the oversold market. Noting that the stock has been down for a while despite reporting a great last quarter, a caller asked what is going on with the company. Cramer replied:

Oh man, I’ve gotta tell you something. I’ve watched this Reddit. I’ve mentioned it in How to Make Money in Any Market. I never thought it would get down this low. I think it’s an incredibly valuable property. It charges too little for advertising. It’s got a great group of people who are very, very active in constantly checking the site. I’m sticking by Reddit. As a matter of fact, I’d like to buy some stock right here at 27 times earnings.

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Reddit, Inc. (NYSE:RDDT) runs an online platform that hosts communities where users connect over shared interests, exchange ideas, and share content such as posts, images, and videos. A caller asked about the February 26 episode, and Cramer replied:

Oh, I think you buy Reddit. In my book, in How to Make Money in Any Market, I… struggled to make it one of my absolute top five stocks because I think it’s worth so much more than what it’s selling for. Let’s buy that one.

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