'RealMoney' Radio Recap: Bullish on Bear Stearns

Lehman Brothers' (LEH Quote) big quarter means it's time to buy Bear Stearns (BSC Quote), James Cramer said on his "RealMoney" radio show Wednesday.

Like Lehman, Bear Stearns spent some time in the "wilderness" in the 1990s, when it found itself on the outside looking in on a hot tech IPO and equity-underwriting market, Cramer said. He said the firms reacted by getting into markets nobody else wanted, Lehman in fixed income and natural resources and Bear in mortgage-backed securities and prime brokerage. Those areas are among the hottest right now, said Cramer.

"I think they'll beat the expectations, and I think you should be in it," said Cramer, adding that if Bear happened to go down after the report, that would be a "gift." ...