But Jos. A. Bank is essentially taking a poison pill approach that it can "spit up" if it wants to with this deal to acquire Everest Holdings, he said.
Cramer doesn't like the deal because Eddie Bauer is so controversial. He advised investors to go check out the history of the company online to understand why it's a bad deal.
"I want to sell both Jos. A. Bank and Men's Wearhouse if this deal holds up," he concluded.
-- Written by Bret Kenwell in Petoskey, Mich.