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

However, its industrial division, which Cramer found accounts for 46% of Moog's sales, lacked the visibility it needs to carry the stock higher, he said. When he read its conference call, the company talked about uncertainty regarding its industrial business.

Upon doing further homework, Cramer saw that only 4% of its business was in the medical sector, so the business also was less diverse than he thought.

Although Cramer liked Moog initially because it was cheaper than other aerospace companies, the additional information he got on the company makes him "hesitant to endorse the stock."

There are better aerospace and defense plays in the market, like Raytheon (RTN Quote) and Eaton (ETN Quote), Cramer said.

Hill International is a project-management and claims-consulting company that works in the construction industry. It is the 17th-largest in its sector, which, Cramer said, means there are 16 other companies in the industry he might be more interested in.

On the other hand, Cramer said that Hill has $100 million in cash and, through acquisitions, the company could move to 12th-largest. "That could be worth owning," Cramer said.

The company also has good international exposure, Cramer continued. He called Hill a speculative junior growth company and pointed out that it has yet to pick up any analyst coverage.