'If you believe, as I do, that America is reopening rapidly but we're not exactly going back to normal ... then Polaris is indeed the kind of stock you should own,' the 'Mad Money' host said.
"If you believe, as I do, that America is reopening rapidly but we're not exactly going back to normal — too much social distancing — then Polaris is indeed the kind of stock you should own," he said. "This is a company that benefits enormously from the V-shaped recovery thesis, and it also works with a slower recovery because the great outdoors is taking market share from every other form of recreation that involves crowded indoor spaces.
Polaris shares have recovered all of their losses during the market meltdown that was triggered in February by the coronavirus outbreak. The stock fell about 60% from peak to trough and is now up more than 160% from its April lows. The camping and outdoor recreation space is catching Cramer's attention as an investment alternative to the airlines and cruise industries that face a boatload of new social distancing challenges to fill their crafts with passengers.
Polaris appears to have taken a "genuine turn" after reporting first-quarter earnings in April, Cramer said. The company missed analyst estimates on the top and bottom lines during the coronavirus-plagued quarter, but later management presented information that Cramer saw as encouraging.
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