Cramer Likes OMNOVA Solutions Inc.
During last week’s Lightning Round, Cramer was stumped when a caller asked him about OMNOVA Solutions Inc. (OMN), a stock that has soared 932% year-to-date. Cramer took a fresh look at the company and gave us his take. He called the stock “highly speculative” and said that they operate in everything from specialty chemicals to vinyl products. The company’s new products have been successful, they are winning new clients, and the stock is cheap on earnings. Cramer said OMN is a buy as a speculative stock, but investors should wait for a pullback before getting in. He pointed out the stock has already made a huge run, and if he owned it, he would lock in some profits. OMNOVA trades at just 17 times 2009 earnings, despite an expected 67% growth in earnings for 2010. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!
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