Cramer's 'Mad Money' Recap: Skin Tight

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The Skin He's In

"When I go hunting for stocks ... I look for jaw droppingly good earnings," Jim Cramer told "Mad Money" viewers Thursday, which is why he said to take a look at LifeCell(LIFC Quote).

The company makes artificial skin to repair the body and reduce scarring after complex hernia procedures, he said. While this doesn't sound like the most attractive business, Cramer said that LifeCell has very little competition.

And, he added, the competitors are using pigskin.

With 133,000 complex hernia procedures a year, Cramer sees room for growth. Plus, he said, the company could expand into the breast implant market to reduce scarring in these cosmetic procedures.

The company says it will see more than 30% sales growth a year, a number Cramer said is probably radically conservative, and better than any company he follows.

A caller wanted to know if the company was exposed to litigation risks. Cramer said that like all medical stocks, the company would have to deal with lawsuits and the threat of lawsuits.

However, Cramer said it would be no more of a concern for LifeCell than for other companies in the sector and that it would not dissuade him from buying the stock.

What the Hex?

"A month ago, I recommended Allegheny Technologies(ATI Quote) when it was at $36 a share, and now it's at $51.70," said Cramer.

He mentioned this to gloat, as well as to say that he believes he has the next Allegheny -- a stock that will make the same type of run higher for the same reasons.

Cramer said that Hexcel(HXL Quote) is one of the best unexploited plays off of the success of Boeing(BA Quote) because like Allegheny, it makes a compound that helps produce a lighter airplane.