Cramer tells investors to stay away from Amer Sports

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Even though the IPO market is heating up, CNBC’s Jim Cramer said he thinks it’s been “hit or miss” so far. He told investors not to buy Amer Sports, which debuted Thursday at a discount, saying the company has a poor balance sheet.

“So far, this is looking like another out of favor IPO, even if its lowball price allowed the stock to get a like, I guess you could call it a decent pop,” he said. “And, I’ve got to tell you, Amer Sports is a great example of the kind of deals I wish we weren’t seeing.”

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