The 'Mad Money' host said Origin Materials is worth a speculative bet, while it's suitable to start a small position in restaurant chain Portillo's.
host thinks about each of the businesses and their respective investment caveats.Cramer said he views Portillo's — a Chicago-based restaurant chain known for its Chicago-style hot dogs — as an attractive story over time as it grows its store footprint nationally.
One negative about Portillo's is that a private equity sponsor, Berkshire Partners, still owns a majority of the company even after its IPO in October, Cramer said. "The overhang when they could finally ring the register could do a lot of damage," he said. Portillo's is still "pretty darn expensive" on a price-to-earnings basis, Cramer said, after the stock closed Friday at $31.73 per share. Its all-time high of $57.73 was notched on Nov. 17.
"I think Origin's got a great long-term story, even if the short term might be difficult because this kind of stock is currently being shunned by Wall Street," Cramer said. "Still, at $6 per share, I think you take a flier on Origin. That's half the cost of a good deli sandwich in New York."
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