"It's about to begin to split up into three companies, and if our basis weren't so darn low ... I'd be a buyer on any pullback," Cramer said in a private conference call with members of his Action Alerts PLUS club for investors.
Dow Chemical and DuPont last month merged to create DowDuPont as part of the complex plan that calls for the combined entity to eventually split into three separate, publicly traded firms. DowDuPont plans to eventually split up into an agricultural company, a materials-sciences firm and a specialty-products maker.
Cramer said Edward Breen, CEO of the combined DowDuPont, is a master of breaking up big companies. After all, Breen was brought in to successfully unwind Tyco International following a 2002 accounting scandal there.
"Remember how much money Ed Breen made for people in Tyco?" Cramer said. "This is Tyco II: The Sequel."
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Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long DWDP.