Rocket Lab Company (NASDAQ:RKLB) is one of stocks Jim Cramer recently answered questions about. One caller referenced Cramer’s teaching on wise speculation and mentioned his belief that RKLB stock has a lot of potential. Cramer replied:
“Okay, look, I have to tell you, I think this stock is very, you know, look, as these stocks go, I’m not going to call it cheap because it’s a spec. But spec-wise, I like it at these prices. What about that? I think that’s a fair way to put it.”
Rocket Lab Corporation (NASDAQ:RKLB) provides launch services, spacecraft design, manufacturing and on-orbit management solutions. It develops small and medium class rockets, notably the Electron and Neutron launchers. During the Oct. 31 episode, a caller pointed out that the stock was a speculative pick in his portfolio, and Cramer responded:
“All right, I’m glad you said this was a speculative stock, because otherwise I wouldn’t approve of it. I think it’s a good spec, but it’s losing a lot of money. You have to be aware that who knows where this may ultimately end up.”
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Disclosure: None. This article was originally published on Initiated Monkey.
