Cramer's 'Mad Money' Recap: Uranium, Your Portfolio

Welcome Back, Charter

Imagine a world where "ugly is beautiful" and debt becomes one of the reasons to buy a stock, Cramer told his viewers. It is this "Bizarro Cramer" world in which he believes market players should buy Charter Communications (CHTR Quote).

Although Cramer said he's "hated" Charter for a long time, now he's telling people the stock demands to be bought for one reason: It can refinance its mountain of debt at lower yields.

This is the same reason Cramer says he's liked Level 3 Communications (LVLT Quote), which had debt that it refinanced, causing the stock to bounce.

Charter "deserves to be higher," but people don't like it on Wall Street, he said. However, the company is paying back its high-yielding debt with low-yielding debt, and Cramer believes every time Charter refinances, the analysts following the stock will be able to raise numbers. There are lot of potential upgrades that could cause the stock to go higher, he said.

But this isn't the only reason Cramer likes Charter, he said. While it has been playing catch-up with the rest of the cable companies, now, because of its ability to get a better balance sheet, Charter should be able to get in on the triple-play (phone, Internet and TV service) action, Cramer said.

The CEO Wall of Shame

In the show's "Sell Block" segment, Cramer stressed that IBM (IBM Quote) is a sell so long as CEO Samuel Palmisano is at its helm.

IBM is among a unique group of companies whose stocks Cramer believes would go higher if their CEOs retired right now. Cramer put Palmisano on his "CEO Wall of Shame" and told people to stay away from the stock until Palmisano gets out.

People who look at the stock and think of it as a "performer" don't realize that since Palmisano became IBM's CEO in 2002, the stock has gone from $103.02 to $98.50, Cramer said. The recent run in the stock has just brought it back to a little under $100.

Compared with that, the total return on the S&P 500 since 2002 is up, Cramer said. "Your bank account is outperforming this stock," he said. Plus, it looks as if IBM has decelerating growth, which market players should know to stay away from, Cramer said.