Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

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4. Ardmore Shipping Corporation (NYSE:ASC)

Number of Hedge Fund Holders: 13

A caller asked about Ardmore Shipping Corporation (NYSE:ASC), citing its low valuation and high dividend. Cramer dismissed it, warning about its exposure to tariffed goods and trade tensions. Here is what he said:

“I don’t like the situation because a lot of what it carries is tariffed and it’s going to cause a real slowdown between the United States and China. You just can’t get in this cross; you don’t want to be in this crossfire, and so I’m going to have to say no to Ardmore Shipping.”

Cramer was never a fan of Ardmore Shipping Corporation (NYSE:ASC). Here’s what he said when asked about it again earlier this year:

“I’m not a fan of Ardmore Shipping. I’m not a fan of most of the container and just kind of commercial cargo ships because they tend to be too episodic for me. So I’m going to take a pass.”

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