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Cramer Says Buy Alberto-Culver (ACV)
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On Mad Money, Jim Cramer said people investors should take a look at beauty care product manufacturer, Alberto-Culver (NYSE: ACV).
Cramer said Alberto-Culver shares recently feel 12% after rival Helen of Troy (Nasdaq: HELE) reported disappointing earnings. However, Cramer said that was more of "guilt by association", but Helen of Troy gets 55% of its sales from discretionary personal appliances such as curling irons and foot massagers and only 45% from hair products. While Alberto-Culver gets 95% of its sales from hair and skin cares, which fare well during recessions.
Additionally, Cramer noted, Helen of Troy had problems due in part to product destocking at many hair salons. But, Alberto-Culver sells his products in retail stores, not salons.
Cramer also likes that Alberto-Culver margins may increase as 95% of Alberto's products are shipped in plastic containers that are made from oil-based resins, with the price of oil nearly half that of its highs, Culver should see significant margin increases.
Lastly, Culver also has $3 per share of cash on its balance sheet and zero debt.
Alberto-Culver Company (New Alberto-Culver), through its subsidiaries, operates two segments: Consumer Packaged Goods and Cederroth International.
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