Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

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Shares of Bed Bath & Beyond (BBBY) - Get Report took a bath today, Cramer told viewers, and is likely beyond hope.

The home-goods retailer posted a huge earnings miss, delivering just 53 cents a share when the analysts were expecting 66 cents a share. Making matters worse, the company also saw a 2% decline in same-store sales.

It seems the better Bed Bath does online, the more it cannibalizes foot traffic in its stores. The company's free shipping offer over $29 is also a double-edge sword, as customers below $29 turn to Amazon (AMZN) - Get Report and orders over $29 see a big hit to profits with free shipping applied.

Bed Bath just can't seem to win, Cramer said. The company bought back over 62 million shares of its own stock, at much higher prices, a move that has done nothing for shareholders.

Unless the company can offer shoppers something truly different, sales will continue to decline, Cramer concluded, which makes the stock uninvestable for the foreseeable future.

On Real Money, Cramer has more on the market's delayed -- and welcome -- reactions to strong profit reports. Get more of his insights and a free trial subscription to Real Money.

Cramer and the AAP team say Southwest (LUV) - Get Report is the best airline. Warren Buffett's ownership is an added bonus. Get in on the conversation with a free trial subscription to Action Alerts PLUS.

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At the time of publication, Cramer's Action Alerts PLUS had a position in LUV.