Cramer's 'Mad Money' Recap: Get a Herbalife

Harrah's Lets It Ride Private

Cramer welcomed Gary Loveman, chairman and CEO of Harrah's Entertainment (HET), to the show and asked him to explain why it's better for a company to be private than public.

Loveman said that after a company is taken private, its management team is no longer distracted with meaningless business activities, and is able to focus on "things that really do build value" for the business over time.

"The company is being run now to a large degree as if it's private, so I'm living a bit of it now," Loveman said. "It opens up other avenues for value creation."

If a company is private, it is able to save money and "mature gracefully," he added. Whereas, in the public market the company is uniformly focused on income statements, and any project is considered a good project until it fails to bring in money.

To view Cramer's interview with Gary Loveman, please click here.

Lightning Round

Cramer was bullish on Six Flags (SIX), Ford (F), Wells Fargo (WFC), Goldman Sachs (GS), Peabody Energy (BTU), Chemed (CHE), Charter Communications (CHTR), J.C. Penney (JCP), Kohl's (KSS), Saks (SKS), Dick's Sporting Goods (DKS), Lowe's (LOW), Sears (SHLD), Caterpillar (CAT), Joy Global (JOYG) and Syneron Medical (ELOS).

Cramer was bearish on Consol Energy (CNX), Massey Energy (MEE), DivX (DIVX), Big Lots (BIG), Sport Chalet (SPCHB) and Central Garden & Pet (CENT).

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

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