Jim Cramer Says Voyager Technologies is “Losing Too Much Money For Me to Recommend”

Voyager Technologies, Inc. (NYSE:VOYG) is one of the stocks Jim Cramer recently expressed his thoughts on. A caller asked if Cramer considers the stock a “viable option” at its current levels, and he replied:

“Okay, it’s a great question. Now, if you remember, about a week ago, I decided, okay, enough of the speculation. I’m not buying, I’m not going to do them unless they’re making some money. We had a really good run on these specs, but I am not going to hurt people, and this company is losing too much money for me to recommend. I’m going to let others buy it. We’re not going to.”

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Voyager Technologies, Inc. (NYSE:VOYG) develops defense systems, intelligence solutions, and advanced communication technologies, while also providing space propulsion, infrastructure, and mission management products. When a caller inquired about the company in a July episode, Cramer responded:

“Okay, that did come out too hot. This is a good example, and I’m glad you’re bringing it to our attention. It’s a good example… now it’s coming in softly. My experience is, now, this is my experience, not what anybody’s said to me about the level, but my experience is, this is precisely when you want to start a position in Voyager. You buy it slow. You want to buy a hundred shares? Pick up 25 here and then wait till it falls another five and just can keep it that level and you’ll have a great position.”

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