Is Vera Bradley a Stock to Bag?
Producer
Before Cramer responded to questions from viewers Friday, he addressed some homework of his own.
On Wednesday, Jane in Indiana asked about Vera Bradley , a company known for its soft, brightly-patterned bags. It made its initial public offering on Oct. 20 at $16 a share, Cramer said. Since then, shares have surged and the stock hit a new high at nearly $35 on Friday. Cramer thinks this stock has room to run, but recommends waiting for it to cool off before jumping in.
Cramer then took a question from Barb. She reminded him that he suggested liquidating half of one's position in Netflix because the stock has double since he first recommended it. Chipotle , Apple and Ford also doubled, so Barb wanted to know what to do with those stocks. The "Mad Money" host said you could take profits in Apple, but noted that it's inexpensive and likely to go higher. He would not, however, sell Chipotle because that has room to run. As far as Ford goes, he recommends taking the cost out and playing with the house's money.
Richard in Georgia asked Cramer if Johnson & Johnson is a broken company. Cramer said he's disappointed in the company and is considering putting its CEO on the "Wall of Shame."
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