Jim Cramer’s Game Plan: 10 Stocks in Focus

3. Cal-Maine Foods, Inc. (NASDAQ:CALM)

Number of Hedge Fund Holders: 34

Cal-Maine Foods, Inc. (NASDAQ:CALM) was mentioned during the episode, and here’s what Cramer had to say:

“Tuesday night, we hear from Cal-Maine. Now, normally I wouldn’t care at all about some egg company, but eggs were the key driver of the most serious inflation we’ve experienced in ages. So maybe they can explain what the heck happened.”

Cal-Maine (NASDAQ:CALM) produces and packages different types of shell eggs and egg products. The company provides specialty options like cage-free, organic, and nutritionally enhanced eggs under various brand names. In early March, Cramer commented:

“All right, so Cal-Maine, the reason why it’s going down is because people feel this, this shortage is going to end, when the shortage is going in, the stock is gonna go lower. I totally agree with you on everything, but I do and when I see a stock with a 4 or 5 PE, that means the numbers are going lower and therefore it’s probably not as cheap as you think. And that’s the way I look at Cal-Maine.”