Mad Money

Cramer: Buy Nucor's New Stock Offering

Nucor announced after the bell Monday that the company plans to sell 25 million shares in a new stock offering near the end of May.

It’s a “great opportunity to buy [NUE] at a discount,” Cramer said, “and I would encourage you” to get in on it.

“That’s my favorite steel company,” Cramer said of Nucor , other than U.S. Steel.

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