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"On 'Mad Money' we reserve the right to profit from anything, no matter how heinous," Jim Cramer told viewers of his TV show Thursday.

Subprime lending might be a problem, but it is not necessarily bad for the economy, he said. Although it's going to be hard for the working class to take out a loan "until the


bails them out" of this crisis, Cramer said he sees this as an opportunity to make some money.

Two "great" ways to play the working-class lending crisis are with "pawnbrokers and loan sharks," he said. Folks who can't get loans will likely have to resort to these shops to get cash.

Of the pawn shops, Cramer said he likes

Cash America International


. The other, "more morally dubious" loan shark stock he likes is

Advance America, Cash Advance Centers



Starting with AEA, Cramer said the company is growing and is "cheap, cheap, cheap." The less-risky alternative is Cash America, "the largest player in pawn lending" and a great way to play the subprime lending problem.

"Where others see catastrophe, I see opportunity," Cramer said.

The best way to play the subprime crisis is not to go short

New Century

(NEW) - Get Report

or to bet against



-- it's to buy AEA or Cash America, he said.

Rooting for Chemed

Cramer continued his search through the rubble of last week's selloff for stocks that don't deserve to be down and should be seen as buy opportunities. On

Tuesday's show he offered

General Cable


, on

Wednesday it was

First Solar

(FSLR) - Get Report

, and on Thursday Cramer suggested


(CHE) - Get Report


Even though Chemed has "recovered significantly" from the downturn, it is still a buy, according to Cramer, for one main reason: It reported great earnings and guidance right before the market downturn.

Both of Chemed's divisions -- its Vitas hospice operation and its Roto-Rooter plumbing business -- are good, but "the real story is about the earnings," he said. "We like it because it blew away its numbers when it reported Feb. 21, a week before the selloff."

After reporting its quarter, Chemed jumped almost $7 in a day, and last week's selloff took it down $2, Cramer said. Although that's not a significant pullback, he said he believes the stock is "immunized against recent downside," and he would buy it "before it gets its mojo back."

Sell Block

In the show's "Sell Block" segment, Cramer looked back at some recent initial public offerings. He told viewers to sell


and instead pick up

Goldman Sachs

(GS) - Get Report

, a stock he owns for his

Action Alerts PLUS charitable trust and believes is "cheaper and a better company."

Cramer also suggested people sell

Melco PBL Entertainment



IPG Photonics

(IPGP) - Get Report

"on any strength."

"Melco has been an unmitigated disaster ... and I apologize for getting this one wrong," he said. And IPG Photonics wasn't a great call either. "I'd cut my losses and take profits."

Although Cramer said he has no excuse for his Melco recommendation, he said he "extrapolated" it from


(WYNN) - Get Report


Las Vegas Sands

(LVS) - Get Report

, thinking that Melco would follow in their footsteps.

However, it is a good thing he told viewers to stay away from

Artes Medical


because the stock hasn't been doing well, Cramer pointed out.

Image placeholder title

Right now he said he would be buying

Switch & Data Facilities


, which he believes should have "positive news flow in the near term" and which he believes is "cheap" compared with its competitors.

Cramer said he would also buy


(AVAV) - Get Report

, "a great defense play," and



, but only on weakness.

AT&T for the Long Distance

Cramer welcomed


(T) - Get Report

CFO Rick Lindner to the show and asked him how the company is able to build out its network, put more money into AT&T Wireless and increase its dividend, all at the same time.

"First of all, we've done three large acquisitions in the past three years," which have given the company "tremendous opportunities for merger synergies," Lindner responded. "And those synergies are driving double-digit growth."

On top of that, AT&T is not just a cost reduction story, he went on to say. The company also has "some exciting new products coming" and great growth in wireless and data services.

Cramer said that although he does not often recommend long-term stocks, he thinks people "can buy AT&T and put it away." He advised people to buy it because it has a "great" yield and is a "well-run" company.

To view Cramer's interview with Rick Lindner, please click here.

Sudden Death

During the show's "Sudden Death" round, Cramer was bullish on




Union Pacific

(UNP) - Get Report


Goldman Sachs

(GS) - Get Report

; he owns the last two for his charitable trust.

He was bearish on


(JEF) - Get Report


Force Protection

(FRPT) - Get Report


Lightning Round

Cramer was bullish on




Sprint Nextel

(S) - Get Report






(RIG) - Get Report



(HAL) - Get Report


Logitech International

(LOGI) - Get Report


Dean Foods

(DF) - Get Report






(GILD) - Get Report



(CELG) - Get Report


Walter Industries



Baxter International

(BAX) - Get Report





(MA) - Get Report


Emerson Electric

(EMR) - Get Report


Parker Hannifin

(PH) - Get Report


Illinois Tool Works

(ITW) - Get Report


Vail Resorts

(MTN) - Get Report


Regal Entertainment



Cramer was bearish on

Global Industries



RF Micro Devices



Acorda Therapeutics

(ACOR) - Get Report


Research In Motion







(BMY) - Get Report


Pioneer Drilling



Take-Two Interactive

(TTWO) - Get Report


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 popular book by

clicking here


At the time of publication, Cramer was long Goldman Sachs, Halliburton, Transocean and Union Pacific.

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. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on 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.