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Iconix Brand
at 2006-04-04 01:40:35
Cramer was out with bullish comments on Iconix Brand (ICON). He likes the stock because they buy brands and outsourcing manufacturing and take a cut of the sales. Two brands that you may recognize that Iconix Brand owns are Joe Boxer, Bongo, Mudd, and Mossimo. Cramer isn't worried about the massive $100 million in debt that Iconix Brand has on the balance sheet. Cramer explained they borrow big to make acquisitions that produces a high return on investment.
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