A Little Patience, Please
Cramer also welcomed Ron Zwanziger, chairman and CEO of
Inverness Medical (IMA Quote - Cramer on IMA - Stock Picks), another stock he owns for Action Alerts PLUS, to discuss the company's proposed merger with Matria Healthcare.
Zwanziger said he is extremely pleased with the opportunity to acquire Matria and noted the company has had a long history of successful acquisitions.
He believes sellers of Inverness are panicking and don't fully understand the value of the deal. Zwanziger expects the deal to go through as proposed and said the company is working simultaneously to improve its balance sheet in response to investor concerns.
Cramer said Inverness is costing people money and he hates being responsible for that, but he didn't offer any new recommendations for shareholders.
Lightning Round
Cramer was bullish on
Humana (HUM Quote - Cramer on HUM - Stock Picks),
UnitedHealth Group (UNH Quote - Cramer on UNH - Stock Picks),
Yamana Gold (AUY Quote - Cramer on AUY - Stock Picks),
Manitowoc (MTW Quote - Cramer on MTW - Stock Picks),
Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks)
and
Skechers USA (SKX Quote - Cramer on SKX - Stock Picks).
Cramer was bearish on
Sara Lee (SLE Quote - Cramer on SLE - Stock Picks),
Dentsply International (XRAY Quote - Cramer on XRAY - Stock Picks),
Garmin (GRMN Quote - Cramer on GRMN - Stock Picks),
Goldman Sachs (GS Quote - Cramer on GS - Stock Picks),
Switch & Data (SDXC Quote - Cramer on SDXC - Stock Picks)
and
New York Community Bancorp (NYB Quote - Cramer on NYB - Stock Picks).
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For more of Cramer's insights during the Lightning Round, click here.