Was Jim Cramer Right About These 11 Stocks?

8. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 44

A caller asked about Celestica Inc. (NYSE:CLS), the hardware and electronics company that had recently staged a strong comeback. Cramer was enthusiastic about its performance and valuation:

“Oh my God, they’re terrific — they’re like Dell without any of the front office problems. It is just a great situation. What a comeback. It’s been kind of in the wilderness for a long time and now it’s back — and it’s still inexpensive.”

Cramer was absolutely right with Celestica climbing 115.77%. Celestica Inc. (NYSE:CLS) is benefiting from strong demand in advanced computing and aerospace, offering end-to-end supply chain and hardware solutions.

Following a recent dip, Cramer said that the stock is still inexpensive. Here are his comments from late February this year:

“It has come into its own in a way that I cannot believe it, and everyone’s piled in on it. And now, because of the fact that we got that downturn, you’re gonna get a chance to buy it. It sells at 22 times earnings. I want you to wait till it’s at 20 times earnings below the S&P and you can pull the trigger. I would probably put it at, I’d say $80.”