Cramer Hesitates on Bet Against QXO CEO Brad Jacobs Amid Rapid Expansion
On the September 11 episode of Mad Money, Jim Cramer was asked about QXO, Inc. (NYSE:QXO) and whether investors should hold on or sell.
Cramer replied that he's surprised by the company's performance, calling it a 'loser' despite being led by CEO Brad Jacobs, who he considers a winner.
He drew comparisons to Home Depot, which has a yield and is seen as a more stable investment. Cramer acknowledged that QXO feels like a bad bet, but he doesn't want to give up on Jacobs.
QXO's rapid expansion through major transactions, including the acquisition of Beacon Roofing Supply and Kodiak Building Partners, has contributed to its impressive revenue growth of 70% year-over-year.
The company aims to reach long-term annual revenues exceeding $50 billion through a playbook focused on procurement efficiencies, technological integration, and disciplined market consolidation.