Was Jim Cramer Right About These 13 Stocks?

10. VF Corporation (NYSE:VFC)

Number of Hedge Fund Holders: 36

VF Corporation (NYSE:VFC) is an apparel company that owns brands like The North Face and Vans. Cramer cited European weakness as a reason to avoid the stock:

“VF Corp, that’s the challenged maker of North Face […] 30% of its products are sold in Europe […] You can’t touch it.”

VF Corporation (NYSE:VFC) has gained 15.34% since that episode and proved Cramer wrong.

However, Jim Cramer has changed his stance on VF since then. On January 20 this year, he explained that Bracken Darrell transformed V.F. Corporation (NYSE:VFC) by selling off an important brand.

“Hey, one more. How about this one? Bracken Darrell, he left Logitech for the challenge of turning around the broken clothing company, VF Corp, a little over a year and a half ago. Stock was trading around 19 bucks. Heinous balance sheet. In July of last year, he sold off VF Corp’s hottest brand to Essilor Luxottica for $1.5 billion in cash. It was good, it was a good brand but he had to do it but Darryl, he needed cash. Sure enough, the company reported a great quarter last night and the stock shot up to almost 27 bucks.”