Jim Cramer on Symbotic: “I Think It’s a Decent Spec, and It’s Too Low”

Symbotic Inc. (NASDAQ:SYM) was among the stocks on Jim Cramer’s Mad Money radar as he taught investors how to profit from the upcoming wave of takeovers. Noting that they have a position in the stock, a caller asked for guidance, and Cramer replied:

I have to tell you, the company is making money. I think it’s a very good spec. I reiterate that. I’m not against Symbotic. Look, Symbotic, there’s so many losing-money companies out there that people buy; this one is not. I think it’s a decent spec, and it’s too low.

Photo by Adam Nowakowski on Unsplash

Symbotic Inc. (NASDAQ:SYM) develops automation technologies that improve efficiency in large warehouses and distribution centers. During the lightning round of the April 24 episode, a caller inquired about the stock, and Cramer commented:

Well, you know, you’re a high schooler and I would tell you that this is a company that is a, it’s an automation company and a robotic company. You are going up against Elon Musk, but there’s room for both. So I’m going to bless… to buy a few, a couple of shares, not more, buy a couple of shares. Let’s see how we do.

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