'Mad Money' Spotlight: Cramer Explores Frontier

Cramer raised his concerns about the company's dividend yield with Wilderotter and discussed the transaction. Wilderotter, a former Microsoft executive who joined Frontier as President and CEO in November 2004, addressed the issues.

When it was over, Cramer left the conversation feeling good about the company, but only after Verizon shareholders eventually unload those Frontier shares.

Shares were down 0.5%, or 3 cents, at $6.62 in mid-day trading.