According to Cramer's math, Dole's remaining fresh foods businesses are worth more than $1.5 billion. After subtracting the company's debt, he came out with a value of $16.21 a share. Those represent modest gains from the company's current share price of $13.91, but Cramer said Dole also has a lot of value tied up in its unused land assets around the world. Factoring in those assets, he values the sum of Dole's parts at upwards of $21 share.
Cramer said he's not expecting Dole shares to hit that target overnight, but added that now is the time to start a position since the company is finally beginning to get its house in order.
In the "Executive Decision" segment, Cramer once again spoke with Marc Benioff, chairman and CEO of Salesforce.com (CRM - Get Report). Benioff just kicked off the opening day for his company's Dreamforce developer's conference, which this year features over 90,000 attending.
Benioff touted Salesforce's new marketing cloud products as the next big thing in cloud computing. He said that just as his company brought sales and customer service organizations into the cloud, it's now ready to do the same thing for marketing departments.Benioff said that in today's marketplace, marketing departments need to spend almost as much on technology as IT departments do since connecting to your customer has never been such a high priority. Salesforce allows companies to connect with customers in a whole new way, he said, and is the only company delivering such integrated solutions. Salesforce.com is now the fastest-growing enterprise software company, with 37% growth in its most recent quarter. Cramer said that Salesforce remains a great story.
Lightning RoundHere's what Cramer had to say about callers' stocks during the "Lightning Round": Alexion Pharmaceuticals (ALXN): "This has been a favorite and a high flier. You can't like it as much as you did when it was lower, but I still like it." Morgan Stanley (MS): "I'm not crazy about the investment banking business. I'd rather own a plain-vanilla bank." Vale (VALE): "I like it. I bought some for my trust. China is starting to show signs of turning."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts