We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. Keurig Dr Pepper Inc. is one of the stocks Jim Cramer recently discussed.
vsl/Shutterstock.com
Keurig Dr Pepper Inc. shares sank by a whopping 17.6% this month after it announced that it would buy coffee company JDE Peet for a whopping $18 billion price tag. Cramer discussed the deal in detail with co-host David Faber, and his opinion is rather obvious:
“It never ends, never ends. Obviously structured very poorly, obviously I want to talk to the banker who did that, because that banker, I, ChatGPT could replace that banker in nanoseconds.
“[on stock price movement since the deal was announced]Will you look at that? . . .
“[When Faber asked just why would KDP do the deal?] Why would Smucker buy Hostess? David, David, this was a structure problem. Well I mean like obviously people hated the way they structured the deal. They don’t, you talk to yourself about how you’re splitting into a beverage company and a beverage company. I mean, hello, right, right?
“But David someone made a mistake here. And normally you would say listen, I don’t know it’s the company or the bankers but someone made a mistake. I think you need to call out. . .
“[On what was the mistake] The combination is a loser combination and the way that they break the company. . .
“[The market] just hates it. And it’s not gonna start liking it.
“But I will not hear you, you will not say this was a stupid deal, you won’t say that will you?
“Well you know like, people are being, someone’s trying to fire someone over maybe a mortgage thing, how about firing someone over an incredible loss?”
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
Hedge Fund Resource Center