Cramer's 'Mad Money' Recap: Good Cheap Stocks

It's all relative to what people see in the company, he continued. However, Schering is "a long-term story," and if market players compare the company to its peers, they'll see what Schering's all about, Hassan said.

Further, he believes Schering is "going to be transformed" with its acquisition of Organon BioSciences, the human and animal health business of Dutch chemical firm Akzo Nobel.

Cramer said he's sticking with Hassan, calling the chief executive "a moneymaker."

Seaspan a Good Bet

Next, Seaspan's (SSW Quote) Gerry Wang joined Cramer on his show, where the chief executive said he feels "very good" about his company's growth.

Wang said he has seen demand in the container shipping industry increase by more than 10% in the last 10 years and expects continued growth. Moreover, Seaspan's fixed rates insulates the company from the volatility of market rates, he said.

Cramer said he still prefers dry bulk shipping, but believes "Wang has a good one in Seaspan."

Lightning Round

Cramer was bullish on Celgene (CELG Quote), eBay (EBAY Quote), Halliburton (HAL Quote) and Under Armour (UA Quote).

Cramer was bearish on Sangamo Biosciences (SGMO Quote), Virgin Mobile (VM Quote), Superior Energy Services (SPN Quote), Amtrust Financial Services (AFSI Quote) and Charter Communications (CHTR Quote).

During the "Sudden Death" round, Cramer was bullish on Cypress Semiconductor (CY Quote). He was bearish on Unit (UNT Quote).

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

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