SodaStream imploded last Thursday after reporting what may have looked like an upside surprise. But when you dig deeper, Cramer said Monday, you’ll find several things that caused this high flier to come crashing down.
First, while the company “blew away the results” when it reported, its guidance was “just awful,” Cramer said.
SodaStream said it would show about 30 percent revenue growth for the full year, which represents a dramatic slowdown from the first half’s 40 percent growth. The “Mad Money” host said that means the company is headed to about 20 percent in the second half of the year.
“This is not the kind of thing you want to see from such a high-flying growth stock,” Cramer said.
What’s more, he said, SodaStream is having issues with Costco.
SodaStream is a hope story, Cramer said, so he wanted to hear the names of new places, notably big box retailers, where they would be selling product.