Cramer's Take on Eddie Lampert's Stocks

Next up is Dell(DELL Quote), whose founder, Michael Dell, invests his money with Lampert.

Cramer's Take: Cramer says Dell is one of the old four horsemen replaced by the New Four Horsemen of Tech: Research In Motion(RIMM Quote), Amazon(AMZN Quote), Google(GOOG Quote) and Apple(AAPL Quote). However, Cramer likes Dell and says, "I think getting off the Dell horse is wrong."

This is not to say he is bearish on the old horsemen. "Dell could double because Michael Dell is back, but that is not a secular growth, that is a great-man theory," Cramer said.

Michael Dell built a great company and is not back for no reason. What's really great about Dell, he said, is the skepticism with which he's being viewed. "The company caught three downgrades after he came back," Cramer said. "That again represents the old thinking that I'm talking about."

That said, he believes Dell can't grow as far as RIM or Apple because it doesn't have the kinds of new products as the latter two.

"But what it does have is the potential to have more gross margin than it's had because Michael Dell is a master at finding ways, on a nice revenue gain ... of making more profit," Cramer said.

Cramer also liked a call from Bear Stearns in which the firm raised its forecast for PC sales, and he said Dell is a great story for the second half of the year. "I would be a buyer of Dell here," Cramer said. "I think Michael Dell's a winner."