Jim Cramer Throws Fitbit Into the Penalty Box on Weak Guidance

Jim Cramer said Fitbit is now in the penalty box after it issued weak guidance with its earnings report.

Jim Cramer said Fitbit (FIT) is now in the penalty box after it issued weak guidance with its earnings report. ‘I think maybe James Park doesn’t care. He’s the CEO and the founder and he’s a brilliant guy, but I don’t know whether he’s running this company as if it’s a private company or a public company,’ explained Cramer, who’s portfolio manager of the Action Alerts PLUS charitable trust. ‘He was perfectly willing to lay out a great story but he was not willing to lay out great numbers. And I don’t get that.’ Cramer said Fitbit could be in the penalty box for the next year. Cramer made the comments when answering viewers’ questions from social media from the floor of the New York Stock Exchange on Tuesday. A viewer asked Cramer about Square (SQ) and he said there’s nothing to like about that company, adding, an investor should buy PayPal (PYPL) instead. Cramer commented on Kroger (KR), saying he would buy the stock at current levels. Cramer answers questions sent to him on Facebook or on Twitter, use hashtag Cramer Q.