Jim Cramer on Upbound Group: “I Do Not Like It”

Upbound Group, Inc. (NASDAQ:UPBD) is one of the stocks Jim Cramer put under the spotlight. When a caller asked about the stock, Cramer stated:

“That model, that’s the least known model, has not been a proven model. I do not like it, I am sorry.”

Photo by Artem Podrez on Pexels

Upbound Group, Inc. (NASDAQ:UPBD) provides lease-to-own and installment purchase options for household goods. The company’s products include furniture, appliances, electronics, computers, smartphones, and other consumer items. The company announced a quarterly dividend of $0.39 per share on September 18, payable by October 21 to the shareholders of record on September 30. Lastly, Upbound Group, Inc. (NASDAQ:UPBD) has a 7.1% yield at the time of writing.

While we acknowledge the risk and potential of UPBD 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 UPBD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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