Cramer also likes NL because only two analysts cover the stock, and they both "hate it," he said. The analysts' opinions are bound to change, he said, once price increases go through thus rendering the analysts' earnings estimates too low. Additionally, Cramer wouldn't be surprised to see new analysts covering the stock.
Finally, a number of insiders have recently purchased shares.
Cramer feels it is safe to "pull the trigger" on NL even though the stock was up more than 11% Friday, ending the regular trading session at $16.02.
A caller asked about other chemical plays. Cramer said he considered recommending NOVA Chemicals (NCX), but it is "not that good a company." Furthermore, the chemical business overall is not a good business right now because its "feed stock," oil, keeps getting more expensive.Cramer also mentioned Titanium Metals (TIE) as a possible play on the titanium dioxide shortage but cautioned that like NL Industries, Titanium Metals' stock is "tough to buy" because of the low volume it trades daily.