Cramer Quick Take: Wait to Buy PVH
NEW YORK (TheStreet) -- Apparel maker PVH (PVH) is laying off workers after its recent acquisition of Warnaco (WRC) , but should investors buy into the stock? Jim Cramer told Debra Borchardt at TheStreet.com Monday he's still a big fan of the company, but not at these levels.
Cramer said Warnaco is a perfect fit for PVH and was actually an acquisition he's on record as saying the company should make. He said PVH's acquisition of Tommy Hilfiger also made investors skeptical, but that acquisition ultimately became wildly successful. The same will be true for Warnaco, he added.
That said, Cramer told viewers he'd only be a buyer under $105 a share for the company.
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-- Written by Scott Rutt in Washington.
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