Cramer's 'Mad Money' Recap: Citigroup Should Split

Rite Aid Ready for the Big Leagues

Now that Rite Aid (RAD Quote) has closed its acquisition of Eckerd and Brooks stores, Cramer believes the drug store chain could be within "striking distance" of Walgreen (WAG Quote).

With the close of the transaction, Cramer said Rite Aid has the opportunity to cut stores that are not working and to keep its best stores. However, Cramer said that he doesn't know what the final store count will be yet and that this information will influence whether he stays positive on the stock.

Although viewers who got in Rite Aid on his recommendation have had a "big run," Cramer said that if the deal works, the stock could go even higher. But Cramer said he has many questions for the company, such as: "Has Rite Aid taken on too much high coupon debt? Has it bit off more than it can chew? And how are the fundamentals?"

With this in mind, Cramer brought on Mary Sammons, the CEO of Rite Aid, and asked her if he is being too bullish in thinking the savings from the deal could be far more substantial than people realize.

"The only synergies we've put out there are the ones that we're highly confident of getting," Sammons said. "We believe there are even greater margin and revenue opportunities not included in our forecast."