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EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer: 10 Stock Picks for 2013 (Updated With Videos)

Stocks in this article: MTWJNJHESMASDECKHAINATKMSADST

10. Manitowoc Splits Into Two Businesses

Here's a one-hundred-year-old two- billion-dollar company that has no business whatsoever being under one roof. In 2013, I think it splits into two, a food service company and a crane and boom business.

Right now MTW gets 60% of its business from its heavy equipment segment, which is largely construction oriented and is 60% overseas. If you believe that China is coming back you have to believe construction is coming back. If so I think this business itself is worth $2.5 billion based on cyclical peak numbers during the last worldwide economic expansion.

On the other hand the food services business, which includes icemakers, refrigerators, frymasters and drink dispensers, provides 40% of the companies' sales. It's got a terrific secular growth business that includes equipment for the fast-growing fast food businesses, think equipment to make smoothies for McDonald's (MCD) worldwide. That food service division is worth another $2.5 billion to a growth manager. After all who wants a crane business and a food service business in the same house. Or even the same block!

By unlocking this company you should be able to create as much as $12 in value. Or in arithmetical terms, $14 worth of Manitowoc goes to $24 almost immediately.

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