Cramer's 'Mad Money' Recap: Top Three Value Stocks for '07

If the company breaks up its domestic tobacco business, its international tobacco business and its Kraft Foods (KFT Quote) division, Cramer believes investors could make a quick $30 a share.

Altria's management knows it should split up the company, but up until this year, the company wasn't able to because of an endless stream of smoking-related lawsuits it faced. Now that the lawsuit stream is running low, Cramer said Altria will be able to focus on breaking up the company.

Kraft has been performing poorly, but those days will be over "once it's unshackled from tobacco," Cramer said. Also, Altria's international business should be "worth a lot more" on its own as exchange rates should "bump its earnings," he said.

Plus, Altria shareholders should benefit from the fact that it is cutting back on making its usual cultural contributions, that it has increased its price on cigarettes for the third time in three years and that it is getting rid of promotional discounts, which Altria has realized it does not need to sell its brands, Cramer said.

Let Your Six Flags Fly

Cramer welcomed Mark Shapiro, Six Flags' (SIX Quote) CEO and president, to the show and asked him when people are going to start liking the company.

"People are going to start liking Six Flags this year," Shapiro responded.