Cramer's 'Mad Money' Recap: Toxic-Stock Plays

On the other hand, Goldman said that BBBY has a history of taking down guidance and then beating it. It also sees the retailer's accelerated buyback as a sign of great things to come.

Moreover, Goldman said BBBY's recent acquisition of Christmas Tree Shops could "reignite" the store.

Both Morgan and Goldman have the same facts but "totally different conclusions," Cramer said. But whether an analyst is right or not depends on the price of the stock, he said.

Therefore, right now, at $40, Cramer said market players should not buy BBBY. But they shouldn't sell it, either. He said people can't buy it because Morgan is right regarding the company's earnings not making it a compelling buy here.

But Cramer would be "loathe to sell it" because he believes that BBBY is likely going to be bought by a private-equity firm.

"At $40, it's in no man's land," he said.

If the stock ran up to $43.25, Cramer said he would take some profit, but if it went down to $37, he would be buying it.

Steak Appeal

Cramer welcomed Craig Miller, Ruth's Chris Steak House's (RUTH Quote) CEO, to the show and asked him how the company was able to preannounce the fourth quarter up.

"It starts with our brand," Miller responded. "We have a terrific brand."