Cramer's 'Mad Money' Recap: Spitzer Weighs In On the Credit Crisis

If the company returns to the industry average multiple, Stanley would fall to just $21 a share. The stock closed on Friday at $21.02, up 61 cents for the day, or 2.61%, and down 26.89% year to date.

Cramer's bottom line: "Stanley might be worth buying at some point in the future, but not here."

The Outlook for Cypress

Cramer welcomed Dr. T.J. Rodgers, president and CEO of Cypress Semiconductor (CY Quote) to the show to discuss the company's outlook after Best Buy (BBY Quote) reported slowing consumer spending earlier Friday.

Rodgers said the decline in Cypress's share price is not tied to slower consumer spending but rather to a downturn in the solar industry. Cypress still holds a controlling interest in Sunpower (SPWR Quote), and Rodgers explained that for every $4 swing in Sunpower's share price, Cypress responds with a $1 per share move in the same direction.

Rodgers also reiterated that Cypress has met all of their recent earnings estimates and expressed his confidence in the company's long-term outlook. In the short term, however, he indicated that the solar industry will not perform as well with recession fears looming.

Lightning Round

Cramer was bullish on General Motors (GM Quote), Oceanfreight (OCNF Quote), Johnson Controls (JCI Quote) and World Wrestling Entertainment (WWE Quote).

Cramer was bearish on Integra Lifesciences (IART Quote), Martha Stewart Living (MSO Quote), Ford Motor (F Quote), Dryships (DRYS Quote), Focus Media (FMCN Quote), Baidu.com (BIDU Quote), HSBC Holdings (HBC Quote), Superior Industries (SUP Quote), Juniper Networks (JNPR Quote), Cisco Systems (CSCO Quote) and Inverness Medical (IMA Quote).

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