Jim Cramer on Rocket Lab: “As Specs Go, I Like it at These Prices”

“Okay, look, I person to archer you, I deliberation this banal is very, you know, look, arsenic these stocks go, I’m not going to telephone it inexpensive due to the fact that this is simply a spec. But arsenic specs go, I similar it astatine these prices. How astir that? I deliberation that’s a just mode to enactment it.”

Rocket Lab Corporation (NASDAQ:RKLB) provides motorboat services, spacecraft design, manufacturing, and on-orbit absorption solutions. It develops tiny and medium-class rockets, including the Electron and Neutron motorboat vehicles. During the October 31 episode, a caller highlighted the banal arsenic a speculative prime successful their portfolio, and Cramer responded:

“Alright, I’m gladsome you said it’s a spec banal due to the fact that different I would not endorse it. I deliberation it is simply a bully spec, but it loses truthful overmuch money. You gotta beryllium alert that who knows wherever it tin yet extremity up.”

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