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Cramer Quick Take: PVH Stumbled With Warnaco

Tickers in this article: PVH
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NEW YORK (TheStreet) -- Despite PVH Corp's's disappointing quarterly results, Jim Cramer told Debra Borchardt at TheStreet.com Thursday he's still a believer in the company in the long term.

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.

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-- Written by Scott Rutt in Washington.

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