“Mad Money” host Jim Cramer had a message for investors on Monday: if a stock has a huge first-day pop following its initial public offering, don’t be scared away. After all, the pop probably means the deal was simply priced way too low.
Take Annie’s , for example. The natural and organic food company’s stock had a huge spike after its recent IPO. But even so, Cramer said BNNY is still cheaper than rival Hain Celestial’s stock.
“I bet the stock goes higher from here, especially as we approach the end of the quiet period and the beginning of the analyst promotional push,” Cramer said.
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