Wal-Mart (WMT): "The last quarter wasn't that good. I want to wait to re-test $71 before pulling the trigger."
In the "Executive Decision" segment, Cramer sat down with Nick Schorsch, chairman of American Realty Capital Trust (ARCT), a stock that's seen a 14% gain since Cramer last spoke with Schorsch on July 12, but also one that's come under fire after the company announced it was selling itself to Realty Income (O).
Schorsch said the merger was a perfect example of one plus one equaling three, as Realty Income is a great company with a terrific balance sheet. He said the combined company will be able to boost dividends by 7% and Realty Income has a track record of raising their dividend 67 times in a row.
Additionally, Schorsch said American Realty shareholders get to tap into Realty Income's higher multiple, making the deal accretive for everyone. The combined company will be more stable, he said, as well as having a much better cost of capital for the future.Cramer said that normally he advises shareholders to sell on a takeover, but in this case he's advising investors to stick with the company and get shares in the new entity.