Cramer offered two quick tips on “Street Signs” with Erin Burnett today. First up was Olin, a pool chemical company that seems to be lagging its competitors in what Cramer called a “very hot chemical group.” Price increases seem to be coming rapid fire for most of the sector, so Olin is going to have to keep pace, Cramer said. It’s just too cheap at this price, and it carries with it a nice dividend. A stalled stock price while the other chemical firms continue to climb could make Olin a takeover target. “It’s a sleepy company that I think is about to get a lot less sleepy,” Cramer said.
Crocs was the second topic of discussion. Burnett said that Wedbush Morgan raised its price target to $95 from $68 today, and Cramer wasn’t the least bit surprised. He said this $2.5 billion market-cap company is not expensive and its shoes are not a fad – and the most recent quarter proves that. Cramer recommended Liz Claiborne use a buyout of Crocs to reenergize its lagging product lines. “I don’t know if they do M&A at Liz,” Cramer said, “but they ought to think about it – or get someone who does it to look at [Crocs].”
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