Las Vegas Sands (LVS) Will Continue Lower Says Cramer

Las Vegas Sands Corp. (NYSE: LVS) shares have been pushed down in recent sessions, and are down 23 percent in the last month. So when is the bottom coming?

Jim Cramer, host of CNBC's Mad Money, said Wednesday he likes Sands, but there is still room for the stock to go lower.

"I happen to like this company... this is a heroic time to buy this stock. I am not into heroics... that stock can go lower before it goes higher," Cramer said.

Cramer added that time is needed until Japan begins to recovery from the recent disaster.

Shares of Las Vegas Sands are up 1.67 percent to $37.83 in premarket trade on Thursday.

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