Jim Cramer’s Thoughts on These 5 Stocks

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

Number of Hedge Fund Holders: 34

A caller inquired about Cal-Maine Foods, Inc. (NASDAQ:CALM), and Cramer said, “No, eggs have had their day, eggs have had their day in the sun.”

Cal-Maine (NASDAQ:CALM) is involved in the production, grading, packaging, marketing, and distribution of different types of shell eggs and egg products. Its offerings include specialty eggs such as cage-free, organic, and nutritionally enriched options, which are sold under several brand names. Earlier in March, commenting on the company, Cramer remarked:

“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.”