Cramer's 'Mad Money' Recap: Ag Sector Is Ready to Break Out (Final)

A Difference in Quality

Cramer spoke with Don Wood, president and CEO of Federal Realty Investment Trust (FRT), to see if the fears of a collapse in commercial real estate are justified.

Wood said that there is a discernible difference between those companies with quality properties and those without. He said while he's not ready to sound the "all clear" for all of commercial real estate, in the hot areas of the country, business is doing just fine.

Woods said that while the media may be reporting on a pending collapse for his sector, the successful long term investors understand the difference between a high quality company and a low quality name. "It's a night a day difference," he said.

Looking towards the future, Woods said there will be a time in the near future where the strong companies, like his, will be able to swoop in and buy great properties from lesser firms, but that time has not come yet. He said while Federal Realty did lose tenants when Circuit City and Linens & Things went bankrupt, overall his company's operating income has not suffered.

Cramer continued to support Woods and recommend Federal Realty as the stock to own in the sector.

Lightning Round

Cramer was bullish on Guess (GES), J Crew (JCG) and Home Depot (HD).

He was bearish on Sprint Nextel (S), Gamestop (GME) and Alaska Communications Systems (ALSK).

-- Written by Scott Rutt in Washington

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