Am I Diversified?
Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included:
Cramer said Cellcom and Frontier are two of a kind and he recommended selling Cellcom and picking up B&G Foods.
The second caller's top holdings included
Kinder Morgan Energy Partners
Cramer said this portfolio was properly diversified.
The third caller had
Bank of America
as their top five stocks.
Cramer said this portfolio also had two of a kind with Chesapeake and Schlumberger. He once again recommended adding B&G Foods to diversify this portfolio.
In the Lightning Round, Cramer was bullish on
(ACW - Get Report)
(CAT - Get Report)
North American Palladium
(PAL - Get Report)
(MDR - Get Report)
(CMI - Get Report)
(OCLR - Get Report)
He was bearish on
In his "No Huddle Offense" segment, Cramer told viewers not to forget a company's balance sheet when considering a stock's value. He said when a caller asked about
, it was assumed that since the company sold 20% of its business for $500 million, the entire company must be worth $2.5 billion, or $20 a share.
But in reality, Dryships has $1.8 billion in net debt, and $3.2 billion in adjusted net debt. That means the enterprise value, which looks at market cap minus debt, is far lower than $20 a share. Cramer said he'd stay away from Dryships, and any other company that has a balance sheet that is difficult to understand.
--Written by Scott Rutt in Washington, D.C.
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