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Jim Cramer Shares His View On Mattel And AbbVie

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On CNBC's Mad Money, Jim Cramer said that he isn't a buyer of Mattel, Inc. (NASDAQ: MAT). He thinks the company posted horrible earnings results and he sees its high dividend yield as a red flag, because he doubts it's sustainable. Instead of buying Mattel, Cramer would rather own Six Flags Entertainment Corp (NYSE: SIX), Cedar Fair, L.P. (NYSE: FUN) or Walt Disney Co (NYSE: DIS).

Cramer would not sell AbbVie Inc (NYSE: ABBV), because he thinks it's a very good company. He added that an investment in AbbVie won't provide much of return in the next four to five quarters. The company reported earnings on Friday and Cramer said that the quarter wasn't as strong as he would like.

Posted-In: CNBC Mad Money Jim CramerMedia

 

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