Cramer's 'Mad Money' Recap: Misery Loves Usury

AT&T for the Long Distance

Cramer welcomed AT&T (T) CFO Rick Lindner to the show and asked him how the company is able to build out its network, put more money into AT&T Wireless and increase its dividend, all at the same time.

"First of all, we've done three large acquisitions in the past three years," which have given the company "tremendous opportunities for merger synergies," Lindner responded. "And those synergies are driving double-digit growth."

On top of that, AT&T is not just a cost reduction story, he went on to say. The company also has "some exciting new products coming" and great growth in wireless and data services.

Cramer said that although he does not often recommend long-term stocks, he thinks people "can buy AT&T and put it away." He advised people to buy it because it has a "great" yield and is a "well-run" company.

To view Cramer's interview with Rick Lindner, please click here.

Sudden Death

During the show's "Sudden Death" round, Cramer was bullish on Ceradyne (CRDN), Union Pacific (UNP) and Goldman Sachs (GS); he owns the last two for his charitable trust.

He was bearish on Jefferies (JEF) and Force Protection (FRPT).

Lightning Round

Cramer was bullish on Saks (SKS), Sprint Nextel (S), GlobalSantaFe (GSF), Transocean (RIG), Halliburton (HAL), Logitech International (LOGI), Dean Foods (DF), Genzyme (GENZ), Gilead (GILD), Celgene (CELG), Walter Industries (WLT), Baxter International (BAX), Bard (BCR), MasterCard (MA), Emerson Electric (EMR), Parker Hannifin (PH), Illinois Tool Works (ITW), Vail Resorts (MTN) and Regal Entertainment (RGC).

Cramer was bearish on Global Industries (GLBL), RF Micro Devices (RFMD), Acorda Therapeutics (ACOR), Research In Motion (RIMM), ExpressJet (XJT), Bristol-Myers (BMY), Pioneer Drilling (PDC) and Take-Two Interactive (TTWO).

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

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