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"There is a stock out there that can give you both a morbidly obese, double-digit dividend yield and up to 25% upside potential," Jim Cramer told viewers of his "Mad Money" TV show Thursday.

That stock is

Nordic American Tanker

(NAT) - Get Nordic American Tankers Limited Report

, Cramer's new favorite oil tanker company.

Cramer has been a fan of


(FRO) - Get Frontline Ltd. Report

, which is up 17% since his July 23, 2007 call and 36% if you include the company's dividend payment.

Cramer believes Nordic American is the next Frontline, and could make investors even more.

Nordic American recently reported earnings below consensus estimates, but Cramer said investors should not worry. He said the company's raised its dividend to $1.18 a share after its earnings report on Monday -- a level nearly double that of what it paid out in the third and fourth quarters of last year. "This is the real indicator for this stock," he said.

According to published reports, Nordic American's day rate for its tankers is now $46,600 per day, up from just $27,000 per day last year. Cramer predicts this rate will go even higher based on simple supply and demand.

Nordic American operates 12 Suezmax tanker ships, with two more scheduled to join its fleet later this year. However, with OPEC increasing oil production, the demand for tanker ships is on the rise.

Cramer noted that some of the larger tanker ships are being converted from oil to dry bulk, hastening the demand. He also mentioned that 46 single-hulled tankers are scheduled to be taken offline by 2010.

Cramer Interviews Airgas CEO

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TheStreet Recommends

Of the 10 Wall Street analysts coving Nordic American, only three have buys on the stock. Cramer said these analysts are operating on the faulty assumption that day rates will be going lower. He believes tanker stocks are levered to how many ships are out there, and not short-term swings in the rates.

Cramer said he loves the oil tanker story and Nordic American.

A Geothermal Power Play

Cramer celebrated the 60th anniversary of the State of Israel by highlighting geothermal power company

Ormat Technologies

( OTA) as a great "stealth" Israeli play.

The stock has risen 51% since Cramer first recommended Ormat on Feb. 2, 2006. The company, which is based in Reno, Nev., is 60 percent owned by Ormat Industries in Israel. "This is a stock you can be proud of," said Cramer, referring not only to the stock's performance, but also the company's green energy nature.

Cramer explained that while Ormat's geothermal power generation is competitive with wind power on cost-per-megawatt basis, there are only a limited number of areas where geothermal energy is viable.

Despite that limitation, Cramer said there is still a lot of room for Ormat to grow. The company currently produces 400 megawatts of power and plans to add up to 100 megawatts a year. Ormat currently has 174 megawatts under construction.

According to Cramer, only one of the seven analysts covering the stock rate it a buy. He said this only leaves lots of room for upgrades as Ormat continues to under-promise and over-deliver on its earnings.

Cramer warned investors to not purchase Ormat immediately. The company trades at 33 times its expected 2009 earnings and it just four points off its 52-week high. Cramer advised viewers to only purchase Ormat on weakness and never in after-hours trading.

Not Doing the Homework

Cramer freed



from prison and told investors they can once again buy the stock. He explained to viewers his reasoning for staying so negative on the stock for so long, and thus missing the upswing in the company's shares.

Cramer said his mistake with Coach was believing the media and not doing his own homework. Back in 2007, many stories began emerging expressing concern over Coach's growing inventory. Cramer, along with many, mistakenly assumed that with growing inventories, sales must be slowing. "Had I done the homework myself," he said, "I would've known the inventory levels were just fine."

Cramer said his second mistake was not giving Coach CEO Lew Frankfort the benefit of the doubt and believing in his domestic expansion plans in lieu of increased international growth. "Lew was right," he said.

Going forward, Cramer sees Coach as a buy. The company, which grew revenues at 19% this past quarter, trades at just 15 times its earnings, and maintains a 18.3% long-term growth rate. The company is also aggressively buy back its own shares and expanding its business in China.

Cramer told viewers that Coach is a "good one" on a pullback.

A Bullish Outlook

Cramer once again welcomed Peter McCausland, Chairman and CEO of



to the show to discuss his company's promising outlook.

McCausland last appeared on Mad Money back on March 17, 2008, and since then his company's stock has risen 36%. Cramer also noted that the now "most frequent CEO guest" on Mad Money has made viewers 86% since his first appearance on the show.

McCausland continued his bullish outlook on Airgas and explained that while some of his company's segments are cyclical, others grow much faster than the economy and thus makes Airgas not a cyclical stock. He said acquisitions are one of his company's core competencies and one of its strengths.

McCausland also said that Airgas delivers gases and air goods as well as a lot of value added services and technical assistance to a wide array of industries. Indeed, he said, 13% to 14% of its business comes from its healthcare segment, one not typically associated with the Airgas.

Cramer told viewers that he's sticking with McCausland and Airgas.

Final Note

Cramer reiterated his sell recommendation of


(AIG) - Get American International Group, Inc. Report

, calling "Wall of Shame" CEO Marty Sullivan a disgrace and telling viewers "this is as bad as it gets."

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Lightning Round

Cramer was bullish on

Sprint Nextel

(S) - Get SENTINELONE, INC. Report


Koppers Holdings

(KOP) - Get Koppers Holdings Inc. Report


Cramer was bearish on

Polyone Corp

(POL) - Get PolyOne Corporation Report


Level 3 Communications




(IMMR) - Get Immersion Corporation Report


Sigma Designs



Oshkosh Truck

(OSK) - Get Oshkosh Corp Report


Want more Cramer? Check out Jim's rules and commandments for investing by

clicking here


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


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.