Cramer's 'Mad Money' Recap: Put Money Down on Toyota

However, its stock might be valued less because in terms of the steak business, there is not a huge amount of great beef in this country, Meyer said.

Moreover, Meyer said he has no idea what has turned McDonald's (MCD Quote) around from a food perspective.

It's likely, Meyer said, that McDonald's was able to turn around not from a burger-and-french-fries standpoint but from a business-and-operations angle. "It has consistently been great at what it's done," he said.

Regarding Darden Restaurants (DRI Quote), Meyer said the company has operates its restaurants with a high degree of consistency.

However, in a place like New York City, where there are hundreds of fine Italian restaurants, he doesn't believe Darden's Olive Garden, for example, can compete.

Sell Block

In his "Sell Block" segment, Cramer said that although Goldman Sachs (GS Quote), which he owns for his charitable trust, Action Alerts PLUS, is down, he's not selling it here.

In fact, Cramer said he got it wrong when he said the company would earn people $15 a share because it ended up earning $19 a share. He said he got the multiple wrong, as well. Currently, the multiple is at 11 and should go to 15, which in turn should cause the stock to earn investors $25 a share, Cramer said.

The best kind of story, he said, is one in which earnings go up and the multiple lags. But in the case of Goldman Sachs, it will catch up, Cramer said.