Cramer's 'Mad Money' Recap: Making Gold From Steel

The Seven Samurai

Cramer presented the final member of his "Seven Samurai" top picks in Japan, Matsushita Electric Industrial(MC Quote).

Japan is turning around. Big-screen plasma TVs are hot and Matsushita is making itself into a flat-screen powerhouse, he said. In fact, Cramer said he'd rather own Matsushita at $22 than Corning(GLW Quote) at $24.80.

He said that Matsushita intends to control 40% of the plasma market by 2010, and that means 10 million units.

The company is well-positioned to be the No. 1 player because it's upping its production capability faster than the competition, he said, pointing out that it's opening plants sooner than expected and plans to spend $1.57 billion on a plasma TV plant in western Japan.

That would give Matsushita the biggest plasma TV production capacity in the world, Cramer said.

He told a caller that even though Sony(SNE Quote) is boosting its plasma TV business, the stock is only going higher because the Japanese economy is turning around.

Cramer was asked which of his Seven Samurai plays he would choose if he could only have one.

He said that the finance play Mitsubishi UFJ(MTU Quote) would be his pick of the group, which also includes Kirin(KNBWY Quote), Kubota(KUB Quote), Kyocera(KYO Quote), Honda(HMC Quote) and Toyota(TM Quote).