Jim Cramer on Tractor Supply: “I’m Going to Say You Want to Buy That One”

Tractor Supply Company (NASDAQ:TSCO) is one of the stocks Jim Cramer recently answered questions about. A caller asked if the stock is a buy, sell, or hold during the episode, and Cramer replied:

“Well, I talked about Tractor Supply this morning on Squawk on the Street. Now, I felt that it had a pretty good chance to be able to make a comeback here. I know it’s down a lot. I’m going to say you want to buy that one.”

Stock market data. Photo by Alesia Kozik on Pexels

Tractor Supply Company (NASDAQ:TSCO) is a rural lifestyle retailer that provides livestock and pet products, farm and garden equipment, tools, seasonal goods, and clothing. A caller asked for advice on the stock during the October 28 episode and Cramer responded:

“Alright, now, I’ve gotta tell you, here’s my feeling on Tractor Supply. Short term, I’m not a big fan of retail, but Hal Lawton runs that place, and he runs a tight ship. I think you gotta give it some time. It sells at 26 times earnings. I’d feel a little better if it was under the market multiple, maybe 22 times earnings. And… you know, I care about it. And… look, you read How to Make Money in Any Market, just read about the… chapter on multiples and know that I think that the multiple is too high. No reflection on Mr. Lawton, just a reflection that the stock’s a little bit up too much.”

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