February 28, 2024

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Cramer tells investors to stay away from Amer Sports

Cramer tells investors to stay away from Amer Sports

Although the IPO market is on the rise, CNBC's Jim Cramer said he believes it has been “make or break” so far. He asked investors not to buy Amer Sports, which debuted on Thursday at a discount, saying the company's balance sheet was weak.

“So far, this looks like another out-of-favor IPO, even if its low share price allows it to get like this, I guess you could call it a good pop,” he said. “And I have to tell you, Amer Sports is a great example of the kind of deals I wish we wouldn't see.”