Stop Trading: Jim Cramer Says People Willing To Pay Premium For PNRA

In his Stop Trading! segment on CNBC, Jim Cramer mentioned that Panera Bread PNRA can be grouped together with firms like Chipotle CMG and Whole Foods WFMI as the fast food offered by the company is apparently good for you. Cramer said that PNRA is “part of that rubric” and people will willingly pay a premium for healthy foods. Although Panera Bread is at present set to hire 25,000 new employees, Cramer is not ready to recommend buying PNRA at this moment as it is a high multiple stock that offers no dividends. He said that he would rather buy Panera when the stock has” a quick, sharp drops that happens several times a year due to misinformed selling." According to Cramer, the business of student loan portfolios is rapidly improving and, therefore, considers Sallie Mae SLM as a "very good" firm that has several assets. "This company is worth a lot more than $11," he added. Cramer was happy about Sprint S reporting narrower-than-expected quarterly loss on Wednesday. He pointed out that better-than-expected earnings by Jones Apparel JNY, showed that the footwear business was "alive and well." Jim said that he considers V.F. Corp VFC as a "shoe bull" and believes that worries regarding the company are completely "overblown." Read more on Jim Cramer.