Shares of US Airways will be trading in a range until the deal is approved, said Cramer, but if it follows the pattern of other acquisitions that stagnation will be quickly replaced by a sharp move to the upside in the following years.
Executive Decision: David Jaffe
In the "Executive Decision" segment, Cramer sat down with David Jaffe, president and CEO of Ascena Retail Group (ASNA - Get Report), a stock that popped 14.3% Tuesday on the company's three-cent-a-share earnings beat and 2% rise in same-store sales. This came after the company's shares dropped after lowering its full-year guidance on Jan. 10.Jaffe said with Ascena's recent acquisition of Charming Shoppes, it has "had a lot going on" over the past few months. He said that unlike other acquisitions, which only included a single brand, Charming had three brands plus a lot of extras. Ascena continues to focus on both the Lane Bryant and Katherine's brands, Jaffe noted, and has already shuttered Fashion Bug and continues to work on integrating the company's shared services. Ascena has a new president for Lane Bryant, Jaffe added, along with several other new key executives. Jaffe said he feels good about the spring season, which includes an early Easter. He said time will tell how the new spring merchandise will be received but added "so far so good." When asked about Ascena's foray into boys clothing, Jaffe said that of the stores where it has tested a dual-gender concept, sales for the girls' merchandise have not declined, which is translating into an increase for overall store sales. Cramer said that after stumbling last quarter, he now feels Ascena is back to delivering positive results for its shareholders.