Why Jim Cramer is optimistic after Magnum Ice Cream's IPO [CNBC]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: CNBC
Monday - Friday, 6:00 - 7:00 PM ET Key Points The company's independence allows its to focus more on the product, he suggested. Magnum Ice Cream owns brands including Wall's, Ben & Jerry's, Cornetto and its namesake. In this article CNBC's Jim Cramer on Thursday explained why he's fairly positive on Magnum Ice Cream Company , which made its Wall Street debut earlier this week after spinning off from consumer giant Unilever “We finally, by the grace of God — or at least, the grace of Unilever — have a pure play ice cream stock, now that The Magnum Ice Cream Company has been spun off and started trading independently,” he said. “And, after taking a closer look at the story, I have to say, this one's pretty sweet.” Magnum Ice Cream might fare better as an independent company than as part of a giant conglomerate, Cramer suggested. He noted that the company struggled for a while under Unilever but said business has picked up since the dessert maker started spinning off. He i
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