Cramer's 'Mad Money' Recap: Primed for Private Equity

04/23/07 - 07:35 PM EDT

TheStreet.com Staff

"If you liked making money off of Viacom (VIAB Quote - Cramer on VIAB - Stock Picks), then you'll love Discovery," he said.

David Hannah, the CEO of Reliance Steel & Aluminum (RS Quote - Cramer on RS - Stock Picks), joined Cramer on his show and said that in addition to increased Chinese demand, worldwide growth and rationalization in the industry, the steel industry has gotten much better for Reliance in a more direct way.

"It's been the consolidation at our mill supplier level."

There's been a lot more discipline in their pricing structure, Hannah said, and one of the beneficiaries of that has been Reliance.

The mills are "run with a different attitude and run for the benefit of shareholders," he said.

Cramer said he likes Reliance and Allegheny Technologies (ATI Quote - Cramer on ATI - Stock Picks). "The steel industry is still a cheap place to be," he said.

To view Cramer's interview with David Hannah, please click here.

During his "Sudden Death" round, Cramer was bullish on Honeywell (HON Quote - Cramer on HON - Stock Picks).

Lightning Round

Cramer was bullish on Syneron Medical (ELOS Quote - Cramer on ELOS - Stock Picks), FuelCell Energy (FCEL Quote - Cramer on FCEL - Stock Picks), Avnet (AVT Quote - Cramer on AVT - Stock Picks), Chemed (CHE Quote - Cramer on CHE - Stock Picks), Time Warner (TWX Quote - Cramer on TWX - Stock Picks), Comcast (CMCSA Quote - Cramer on CMCSA - Stock Picks), Gorman-Rupp (GRC Quote - Cramer on GRC - Stock Picks), Onyx Pharmaceuticals (ONXX Quote - Cramer on ONXX - Stock Picks), General Dynamics (GD Quote - Cramer on GD - Stock Picks), Lockheed Martin (LMT Quote - Cramer on LMT - Stock Picks), Ceradyne (CRDN Quote - Cramer on CRDN - Stock Picks), Hercules Offshore (HERO Quote - Cramer on HERO - Stock Picks), Hornbeck Offshore (HOS Quote - Cramer on HOS - Stock Picks), News Corp (NWS Quote - Cramer on NWS - Stock Picks), Six Flags (SIX Quote - Cramer on SIX - Stock Picks), Electronic Arts (ERTS Quote - Cramer on ERTS - Stock Picks) Goldman Sachs (GS Quote - Cramer on GS - Stock Picks) and Expedia (EXPE Quote - Cramer on EXPE - Stock Picks).

Cramer was bearish on Palomar Medical Technologies (PMTI Quote - Cramer on PMTI - Stock Picks), Headwaters (HW Quote - Cramer on HW - Stock Picks), Ecolab (ECL Quote - Cramer on ECL - Stock Picks), Plexus (PLXS Quote - Cramer on PLXS - Stock Picks), Novastar Financial (NFI Quote - Cramer on NFI - Stock Picks), Pentair (PNR Quote - Cramer on PNR - Stock Picks), Simcere Pharmaceutical (SCR Quote - Cramer on SCR - Stock Picks), Take-Two Interactive(TTWO Quote - Cramer on TTWO - Stock Picks), Wells Fargo (WFC Quote - Cramer on WFC - Stock Picks) and Travelzoo (TZOO Quote - Cramer on TZOO - Stock Picks).

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

Want more Cramer? Check out Jim's rules and commandments for investing from his popular book by clicking here.

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At the time of publication, Cramer was long Goldman Sachs and Halliburton.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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