Cramer Quick Take: Keep Your Eye on Sears
NEW YORK (TheStreet) -- Investors should sit up and take notice of Sears Holdings(SHLD) , Jim Cramer told Lindsey Bell at TheStreet.com Thursday, but that doesn't mean they should run out and buy it.
Cramer likened Sears to that of a patient who has woken up from a coma. "Everyone's excited," he said, but that doesn't mean the patient is out of the woods quite yet.On the plus side, Cramer said that Sears finally has a CEO with a plan as well as a lot of opportunity to bring out value. Sears also has very low expectations on Wall Street, another positive in its favor. But does that mean that everyone is ready to run out and go shop at their local Sears? Probably not.
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Just like with JC Penney(JCP) , investors need to be wary of unbridled excitement and wait for the actual results to come in. Cramer said that Sears has a terrific tools business with its Craftsman brand, but the company is still competing against the likes of Home Depot(HD) , which will make it hard for the company to compete.
Watch the full Cramer interview here.
--Written by Scott Rutt in Washington, D.C.
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