“If KB starts buying back its stock aggressively, I’ll be right there with them. If they don’t, I’m staying on the sidelines,” the “Mad Money” host said Monday.
KB Home is currently a risky stock to buy despite its low price, evidenced by the company's own disinterest in purchasing its stock, CNBC's Jim Cramer said Monday.
"If KB starts buying back its stock aggressively, I'll be right there with them. If they don't, I'm staying on the sidelines," the"Mad Money" host said. KB Home is currently a risky stock to buy despite its low price, evidenced by the company's own disinterest in purchasing its stock, CNBC's Jim Cramer said Monday.
"If KB starts buying back its stock aggressively, I'll be right there with them. If they don't, I'm staying on the sidelines," the" " host said. KB Home CEO Jeffrey Mezger said on the company's first-quarter earnings call on March 23 that the company will"navigate based on our operating needs" when asked why KB Home isn't purchasing its own stock.in its first-quarter results, leading the stock to plummet from around $38 to about $33.
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