Was Jim Cramer Right About These 12 Stocks?

2. Boise Cascade Company (NYSE:BCC)

Number of Hedge Fund Investors: 31

A caller asked Jim about whether he should buy or sell Boise Cascade Company (NYSE:BCC), a wood product manufacturer. Cramer indicated that he was bullish on the stock but suggested taking some profits due to its cyclical nature.

“This is the kind of stock that does well in this environment. I would take a little off the table because it sells at around 14 times earnings, and this is a heavily cyclical stock.”

However, he believed there was still upside if the Fed started cutting rates, saying:

“If the Fed starts cutting, you’re going to continue to see upward pressure on Boise Cascade.”

But Boise Cascade Company (NYSE:BCC) has failed to meet expectations, having dropped by 13.7% since then.