Cramer Backs Chewy, Calling It a Good Company but a Bad Stock

Overview

• In a recent Mad Money recap, Jim Cramer said Chewy is a good company even though the stock has performed poorly.
• Cramer noted he first liked the shares in the $20s in late 2023 and watched them run to about $48 last June before retracing.
• He said Chewy beat on its most recent report but issued a softer outlook, which he argued helped drive the pullback.
• Cramer described himself as a buyer and pointed to Chewy’s ancillary businesses while pushing back on the idea that Amazon cannot be challenged.
• Insider Monkey’s write-up also pitched an unrelated AI stock as more promising, reflecting mixed investor narratives around Chewy.