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

In terms of pricing, while last year Ruth's had 5% hedged, this year it has more than 50% hedged, Miller continued. Although there have been some labor pressures, Ruth's is all about the experience, and when people go to the restaurant, Ruth's makes sure that that experience is delivered in an "extraordinarily great way."

Moreover, Miller said he believes that the company can build more Ruth's restaurants because of the breadth of its appeal.

Even though Ruth's has been able to deliver numbers time and again, it has not been able to create a tremendous amount of wealth for its shareholders. That's because it's still gaining credibility in the marketplace and because the market is still understanding its business model, Miller went on to say.

When Cramer asked if Ruth's has the flexibility to do more for its shareholders than deliver numbers, Miller said that the company is reinvesting its cash flow to expand its brand.

Miller said that international expansion is on the horizon for the steakhouse.

Lightning Round

Cramer was bullish on Disney (DIS), McDonald's (MCD), Omniture (OMTR), Melco PBL Entertainment (MPEL) and Sears Holdings (SHLD).

Cramer was bearish on New York Community Bancorp (NYB), Sirius Satellite Radio (SIRI), Charter Communications (CHTR) and Conexant Systems (CNXT).

For more of Cramer's insights during the Lightning Round, click here.

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