Cramer Quick Take: PVH Stumbled With Warnaco
NEW YORK (TheStreet) -- Despite PVH Corp's's
Cramer said PVH's acquisition of Warnaco has been disruptive to the company and isn't yielding the instant accretion that many of its other acquisitions have delivered. He said there is weakness throughout the Calvin Klein brand, but he remained confident that PVH can work out the kinks and deliver.
Cramer said that current investors of PVH should hold on as the time to sell has already passed. But he told new investors to the company they should likely wait three months while the company resets expectations and gets its spring and summer apparel moving.
To sign up for Jim Cramer's free Booyah! newsletter, with all of his latest articles and videos, please click here.
-- Written by Scott Rutt in Washington.
To email Scott about this article, click here: Scott Rutt