Cramer's 'Mad Money' Recap: Finishing Strong

12/21/07 - 07:53 PM EST

TheStreet.com Staff

But Cramer has inducted Gary Dunton of MBIA (MBI Quote - Cramer on MBI - Stock Picks) as a new chief on the Wall of Shame -- a place reserved only for the men and women who destroy a company's value by having their name at the top of the masthead.

"He is a man I believe you will hear quite a bit about in the coming weeks as his company fights for its life," Cramer said. "If the board sacrificed Dunton, the company would stand a better chance at surviving."

Agrium's Green Thumb

The demand for agriculture products is huge, and many companies are benefitting, Cramer told viewers. One such company is Agrium (AGU Quote - Cramer on AGU - Stock Picks), a long-term Cramer favorite.

Not only is Agrium priced well below where it should be, but it looks like it's poised to profit from its acquisition of UAP Holding (UAPH Quote - Cramer on UAPH - Stock Picks), he said.

In fact, the deal reminds Cramer of when Freeport-McMoRan(FCX Quote - Cramer on FCX - Stock Picks) bought Phelps Dodge. Back in March, Freeport issued stock to pay for Phelps Dodge. Freeport's offering broke through the "print" price -- the price of the deal -- which shook out a lot of short-term investors and took down the share price, he explained. However, since then FCX is up 65%.

Agrium did the same thing to acquire UAP, and its stock went down as well, Cramer said. Even though the stock has recovered a bit, "this looks like the FCX story all over again, so being up seven doesn't mean anything."

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