{"id":142229,"date":"2021-10-20T01:08:14","date_gmt":"2021-10-20T01:08:14","guid":{"rendered":"https:\/\/precoinnews.com\/?p=142229"},"modified":"2021-10-20T01:08:14","modified_gmt":"2021-10-20T01:08:14","slug":"jim-cramer-says-wait-to-buy-on-holding-on-a-pullback-cites-supply-chain-and-valuation-worries","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/jim-cramer-says-wait-to-buy-on-holding-on-a-pullback-cites-supply-chain-and-valuation-worries\/","title":{"rendered":"Jim Cramer says wait to buy On Holding on a pullback, cites supply chain and valuation worries"},"content":{"rendered":"<ul>\n<li>Investors should wait to buy shares of On Holding, CNBCs Jim Cramer recommended Tuesday.<\/li>\n<li>The &quot;Mad Money&quot; host touted the company&#x27;s financial picture but expressed near-term concern about supply chains.<\/li>\n<\/ul>\n<p>CNBC&#x27;s Jim Cramer said Tuesday investors should wait to buy shares of On Holding, while stressing he&#x27;s a fan of the newly public footwear and athletic apparel maker.<\/p>\n<p>Right now, the &quot;Mad Money&quot; host said he thinks there&#x27;s too much risk because the company is grappling with coronavirus-related challenges in Vietnam, where its shoes are made. Add in the fact the stock is &quot;pretty expensive,&quot; trading at over 10 times this year&#x27;s sales, and Cramer said patience is prudent.<\/p>\n<p>&quot;I think On Holding could be in for a turbulent next few months, but you should get ready to buy it gradually on the way down because, other than the Vietnam supply chain issue, this one&#x27;s got a lot going for it,&quot; Cramer said.<\/p>\n<p>&quot;If you buy it now, you&#x27;re betting that everyone knows abut the problem, but that&#x27;s rarely the case, which is why waiting for lower prices might not be a bad idea,&quot; he added.<\/p>\n<p>On Holding debuted on the New York Stock Exchange on Sept. 15. After pricing its IPO at $24 per share, the stock opened at $34.50 and briefly touched the $40s in its first few sessions. It closed Tuesday at $29.77, down about 1%. <\/p>\n<p>In general, Cramer said the Switzerland-based company&#x27;s financials are &quot;excellent,&quot; pointing to sales that grew at a 66% compound annual rate from 2018 to 2020 and a &quot;nearly pristine balance sheet.&quot;<\/p>\n<p>&quot;On top of that, it&#x27;s profitable, not just on an EBITDA basis, but on a straight-up earnings per share basis,&quot; Cramer said, which is &quot;highly unusual with the junk that&#x27;s coming public these days.&quot; <\/p>\n<p>Cramer&#x27;s hesitance to recommend the stock Tuesday is largely about Vietnam and what the Covid situation there could mean for On Holding.<\/p>\n<p>&quot;Remember, Nike&#x27;s got a Vietnam problem, too, and they told us that the Covid-related shutdowns are hurting their numbers,&quot; Cramer said. &quot;Given that On Holding makes 100% of its shoes in Vietnam, the next couple quarters could be pretty ugly. We don&#x27;t know how bad it will be, but some analysts are forecasting negative growth rates early next year, which would represent a huge hit.&quot;<\/p>\n<p>Questions for Cramer?<br \/> Call Cramer: 1-800-743-CNBC<\/p>\n<p>Want to take a deep dive into Cramer&#x27;s world? Hit him up!<br \/> Mad Money Twitter &#8211; Jim Cramer Twitter &#8211; Facebook &#8211; Instagram<\/p>\n<p>Questions, comments, suggestions for the &quot;Mad Money&quot; website? madcap@cnbc.com<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/10\/19\/jim-cramer-says-wait-to-buy-on-holding-on-a-pullback-cites-supply-chain-and-valuation-worries.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors should wait to buy shares of<\/p>\n","protected":false},"author":3,"featured_media":142228,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jim Cramer says wait to buy On Holding on a pullback, cites supply chain and valuation worries - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/business\/jim-cramer-says-wait-to-buy-on-holding-on-a-pullback-cites-supply-chain-and-valuation-worries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jim Cramer says wait to buy On Holding on a pullback, cites supply chain and valuation worries - 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