Cramer's 'Mad Money' Recap: Rite Aid Goes Wrong

When Cramer asked the chairman how worried people should be about Rite Aid's balance sheet, Sammons said the company expects its sales to improve as it completes its integration. Their revolving facility has no restriction, she said. "We're not worried." Rite Aid is in a great place to execute its plan, she continued.

Further, Sammons said that Rite Aid is not a "quarter-by-quarter story." It is a longer-term play, and she said she's confident shareholders will be excited to see what happens in the future.

Cramer said his normal rule is that he needs to a see another quarter before getting in, but he's going to let viewers decide whether or not to get in on Rite Aid.

Study Hard

What should people do with a stock they don't know? Do their homework, Cramer told viewers.

Investors should go through analyst research on the stock, the company's SEC filings and listen or read through the company's conference calls, he said, after which they should compare the company to its peers. Then, and only then, can people decide if the stock is buy or a sell.

Recently, Cramer said he came across two stocks he wasn't too familiar with: Moog (MOGA Quote) and Hill International (HINT Quote).

When Cramer compared Moog's business to the competition, he said he liked it. Moog makes supersonic fighters, commercial transports and business jets.