Rithm Capital Corp. (NYSE:RITM) is one of the stocks Jim Cramer shed light on recently. When a caller asked about the stock, here’s what Cramer had to say in response:
Too risky, too risky. If you don’t really know what that asset manager owns, I don’t want you to buy that stock. We can’t find out what it’s got inside it. And that has historically been a dangerous thing to own when you don’t know what they have. Sorry to say that. They probably may have good stuff, but I just, I rule those companies out.
Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels
Rithm Capital Corp. (NYSE:RITM) is an asset manager that focuses on residential mortgage loans, rental properties, and consumer credit services. The company functions as a real estate investment trust.
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Disclosure: None. This article is originally published at Insider Monkey.
