Cramer's 'Mad Money' Recap: Dec. 4

Why would Under Armour sell? Cramer said Nike offers Under Armour international distribution, something it has been struggling to achieve.

Given a $30 valuation, Under Armour shareholders would also receive a 130% premium over its original IPO price.

A Glimmer of Hope

Cramer brought in Bob Toll, chairman CEO of home builder Toll Brothers (TOL Quote), to get his latest read on the state of the housing market. Toll Brothers recently reported an earnings miss, but beat expectations on sales and ended the quarter with $130 million of free cash flow.

Toll said he's encouraged by the many programs the federal government has in place to stabilize the housing market, and feels the programs just need a little marketing to get the word out to home buyers. He said with mortgage rates headed to 4.5% and prices down hard, it may be possible to have a strong spring season next year.

When asked about credit availability, Toll said his company has lots of money to lend, but only to those buyers with good credit and a down payment. He said the industry would benefit if the government went even further and offered a $20,000 tax credit for home purchases.

Toll also said that while quality land to build on is getting cheaper, it's not yet at a point where he's pulling the trigger to buy. He said that overall, Toll Brothers still rates the U.S. housing market a "F". He said the market is a lot worse off than it was six to 12 months months ago, but may be nearing a bottom as it can't fall much further.