Finally, Sprint is shuttering its legacy Nextel network by mid-2013, relieving it of a huge burden and freeing up spectrum for other uses.
Cramer said the wireless business is fantastic and Sprint's problem has been the troubled merger with Nextel and not having the iPhone. But with those problems solved, Sprint is finally "playing in the same league" as its much larger rivals and is putting up the numbers to prove it.
Sprint now has sizable cash flow and is retiring its debts. It will soon be strong enough to refinance its remaining debt at much more favorable interest rates, Cramer added, and there's always a possibility of a merger with T-Mobile.
That's why at under $5 a share, Cramer called Sprint a buy, buy, buy.
Lightning RoundHere's what Cramer had to say about callers' stocks during the "Lightning Round": Chesapeake Energy (CHK): "I think that Anadarko Petroleum (APC) is a better buy, as is Apache (APA)." Church & Dwight (CHD): "That stock never quits. That is a terrific one." Magnum Hunter Resources (MHR): "Its a spec on oil coming back, but you can hold onto it." OSI Systems (OSIS): "I like it. It is a small-cap stock, though." Danaher (DHR): "I like the guys that run this company. That's a name I want to own." Agnico-Eagle Mines (AEM): "The quarter was not so bad but in the end I'm sending you to SPDR Gold Shares (GLD)." Alltel Corp (AT): "I think the dividend is safe and I like the yield. "
Executive DecisionIn the "Executive Decision" segment, Cramer spoke with Jim Reid-Anderson, chairman, president and CEO of Six Flags Entertainment (SIX - Get Report), the regional theme-park operator with 19 locations and a 4.1% dividend yield. Reid-Anderson said Six Flags has always had a history of huge debt loads but those issues were rectified during the company's bankruptcy in 2008. Since then, he said, the new team "hasn't looked back." Six Flags is now focused on being the best regional theme-park operator out there. When asked about how business is faring during a new crisis of confidence with consumers, Reid-Anderson noted that Six Flags offers its customers a lot of value and the company hasn't seen a drop in sales. He said that even fluctuating gas prices don't seem to be affecting sales as 85% of Six Flags guests live within one hour of the park.
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