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"Some CEOs can be so idiotic that their stocks will leap the moment they get canned," as evidenced by what happened with


(BMY) - Get Bristol-Myers Squibb Company Report

today, Jim Cramer said on his "Mad Money" TV show Tuesday.

Cramer predicted three weeks ago on his Aug. 17 show,

CEOs Who Should Go, that Bristol-Myers CEO Peter Dolan would get fired. He also told viewers the stock, which he owns for his

Action Alerts PLUS charitable trust, would go much higher, which it did. Bristol-Myers closed up 93 cents, or 4%, at $24.32 Tuesday.

In the CEO Hall of Shame show, Cramer also named four other CEOs who "could instantly add value to their companies by getting sacked." These four CEOs included


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Andrea Jung,

Marsh & McLennan's

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Michael Cherkasky,

Bausch & Lomb's

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Ronald Zarrella and

Home Depot's

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Bob Nardelli.

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But at the top of Cramer's list was Bristol-Myers' Peter Dolan. Even before

Dolan's departure was official on Tuesday, the stock started to move, he said. Compared to Aug. 17, when the stock was around $21, Bristol-Myers is now at $24, and Cramer predicts it will go to $26, if not higher.

He said he is not selling Bristol-Myers yet, and the other four companies with CEOs on the CEO Hall of Shame list can be bought with the expectation that the CEOs will depart.

Time's Right to Revisit Google



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time again, Cramer told his viewers.

"I was the first one to tell you when to buy it and the first one to tell you when to sell it," he said.

Right now, Cramer believes Google is cheap, as its multiple is less than its growth rate, but this time he can't take the credit for recommending Google himself. Cramer got this stock idea from RBC Capital's Jordan Rohan, he said.

The stock has gotten cheap for a few reasons, but there's only one reason that matters -- "Google got cheap because of the calendar," Cramer said.

For any given stock, there are earnings estimates for each year, and the money mangers decide which estimates actually matter, he explained. Since Cramer was once a money manager, he knows how they think, he said.

When looking at earnings estimates, the next year's estimates don't really matter the first eight months of the year. For example, while in 2006, 2007's earnings estimates wouldn't matter until September. Until then, all money managers care about are the current-year's estimates.

"In September, something happens," Cramer said. "Those 2007 numbers smack you right in the face as money mangers turn the calendar over."

They stop paying attention to 2006, but look at 2007 numbers, he said. Then they need to decide how much they will pay for earnings. Given that Google is "the fastest-growing large-capitalization stock in the

S&P 500

," Cramer said he would put a 40 multiple on the stock.

Using this multiple, Cramer said, he believes Google shares might hit $500, but at the same time, he wants market players to be careful. By October, he predicts the stock should already be higher.

Although there are some people that might say Google is cheap right now because of net seasonality, meaning that people use the Internet less over the summer, Cramer feels this is "ludicrous."

"Google is cheap because we've turned over the calendar," he said.

Buffett Bless the USG

Warren Buffett, "arguably the single best allocater of capital in history" is piling up on



and Cramer wants his viewers to buy some, too, he said.

Right now Buffett's company

Berkshire Hathaway

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owns 17% of USG, and Buffett's still buying more. In fact, he's willing to buy 57% of the company if nobody else bought it, he said.

USG is the ultimate housing play. Meanwhile, not only is there a general consensus that housing isn't hot, but USG also owes billions of dollars to victims of asbestos, Cramer said. But Buffett keeps buying more of this stock. Recently he bought 6.97 million shares of it, he said.

"He's either


" or he's seeing something we don't, Cramer said.

First of all, USG has paid off all its asbestos victims, so that's done, he said. The company also has commercial construction, a space that is performing well. In addition to this, USG's biggest raw cost is natural gas, the price of which is going down, Cramer said.

The stock, which sells at six times next year's earnings, is cheap, he said. "There's too much negativity on housing, and USG may the way to play it."

Looking to Yamana's Tomorrows

Cramer asked his guest,

Yamana Gold

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CEO Peter Marrone, to talk about his company's goals and whether there's any need to be nervous about owning the stock.

People should not be nervous, Marrone responded. Most of Yamana's production is in Brazil, which is a stable and industrialized country and where there is a "mining pedigree," he said.

"It is unique and is one of the 10 largest economies in world," Marrone went on to say. "I am a gold believer."

When Cramer asked if Yamana was in a situation where it has long-life assets, Marrone said, "All of our mines are long life. We've got lots of time ahead of us."

To view Cramer's interview with Peter Marrone, please click here.

In the "Sudden Death" round, Cramer was bullish on





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Lightning Round

Cramer was bullish on


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Best Buy

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Smith & Wesson




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Consolidated Edison

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Under Armour




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Cramer was bearish on




Joy Global



Pioneer Drilling



Centerpoint Energy

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Zenith National Insurance



For more of Cramer's insights during the most recent Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by

clicking here


At the time of publication, Cramer was long Bristol-Myers and Qualcomm.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.