'Just remember, even as we reopen for business, the new normal is not the old normal,' the 'Mad Money' host said.
The stock, however, sold off almost 6% in Thursday's session as the company suggested an increase in demand was unlikely to be replicated post-pandemic. Still, Cramer projected Take-Two's future performance will be stronger than previously expected, given the high number of new players and new business during the period.
"The numbers won't be as strong as they were this past quarter, but I think they'll be much stronger than they would've been without the extended lockdown," Cramer said. "That means the stock has to be worth more than what it was selling for before Covid-19." Cramer added that the pandemic sped up the ongoing decline of America's shopping centers. The pain felt by shopping mall retailers and tenants translates to challenges for the real estate investment trusts, mall owners and strip mall companies, he said.
Consumers worried about contracting the virus and instigating another outbreak are even more likely to hop on the internet and shop for goods from the safety of their home, he said. There's no guarantee foot traffic will return to many brick and mortar retailers. Many businesses have initiated their migration from brick-and-mortar stores to online shops, a plus for companies like Shopify, which outfits companies with e-commerce operations. The company's COO, Harley Finkelstein, said the retail world of the 2030s is being pulled into the present,"Most of their tenants haven't been able to operate since mid-March" and can't pay rent, Cramer said.
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