Cramer's 'Mad Money' Recap: Get to Know NCR

Kodak sells high-quality inkjet printers. But "Kodak undercut its rivals on the price that really matters, not of the printer, but of the ink." Competitors wrongly assume that consumers can't factor in the price of ink into the cost of purchasing a printer, Cramer said. Kodak can sell their printers to consumers who will stick with Kodak for the cheaper ink.

Cramer acknowledged that the quarter was light, and Kodak shorts have certainly done well in the past. As a result, the company gets no credit from the Street and is currently undervalued. Analysts rate the company with one buy, four holds and four sells.

With $82 million in digital income and decreasing dependence on the flagging area of film paper, Kodak is ready to come back alive.

Wamu CEO Makes 'Wall of Shame'

Cramer finally had the pleasure of removing newly deposed Citigroup (C Quote) CEO Chuck Prince from his Wall of Shame. He replaced Prince with Kerry Killinger, CEO of Washington Mutual(WM Quote).

"Remember the Fifth of November," Cramer said, alluding to Guy Faulks' Day. "Today we're celebrating a different kind of regicide," the long-awaited departure of one of Wall Street's most maligned executives.

Cramer said that by removing Prince, Citigroup's board saved the company, although he believes they "came to their senses 15 points too late." The stock's poor performance Monday likely had more to do with previously announced losses than Prince's ouster, Cramer said.