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The Skin He's In

"When I go hunting for stocks ... I look for jaw droppingly good earnings," Jim Cramer told "Mad Money" viewers Thursday, which is why he said to take a look at

LifeCell

(LIFC)

.

The company makes artificial skin to repair the body and reduce scarring after complex hernia procedures, he said. While this doesn't sound like the most attractive business, Cramer said that LifeCell has very little competition.

And, he added, the competitors are using pigskin.

With 133,000 complex hernia procedures a year, Cramer sees room for growth. Plus, he said, the company could expand into the breast implant market to reduce scarring in these cosmetic procedures.

The company says it will see more than 30% sales growth a year, a number Cramer said is probably radically conservative, and better than any company he follows.

A caller wanted to know if the company was exposed to litigation risks. Cramer said that like all medical stocks, the company would have to deal with lawsuits and the threat of lawsuits.

However, Cramer said it would be no more of a concern for LifeCell than for other companies in the sector and that it would not dissuade him from buying the stock.

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What the Hex?

"A month ago, I recommended

Allegheny Technologies

(ATI) - Get Report

when it was at $36 a share, and now it's at $51.70," said Cramer.

He mentioned this to gloat, as well as to say that he believes he has the next Allegheny -- a stock that will make the same type of run higher for the same reasons.

Cramer said that

Hexcel

(HXL) - Get Report

is one of the best unexploited plays off of the success of

Boeing

(BA) - Get Report

because like Allegheny, it makes a compound that helps produce a lighter airplane.

Hexcel is the leading producer of a lightweight carbon fiber that is increasingly being used in new aerospace programs, Cramer said, much like titanium.

"We are in the third year of what I think will be a seven-year aerospace cycle," Cramer said, adding that we can expect Boeing and

Airbus

to build a lot more planes.

And people who are making the parts for the planes will "make the moolah," he said.

Not only are more planes being made, but also more of each plane will be made up of this carbon fiber, he said.

Right now, about 6% (by weight) of a plane is made up of this carbon fiber, but Cramer said that the percentage could go to 12% by the end of the year and maybe up to 20% the next year.

Who Blinked?

Every week senior

MarketWatch

columnist Herb Greenberg, "the anti-Cramer" spars with the stock guru, and this week the two debated the merits of

Intuitive Surgical

(ISRG) - Get Report

.

While Greenberg wouldn't say that the company's days are numbered, he said that it's an example of the dangers of buying a momentum stock.

Cramer pointed out that some investors caught a double if they took money off the table before the stock fell, while Greenberg pointed out that the stock plunged 16 points in the blink of an eye.

Cramer said that

Jos. A. Bank Clothiers

(JOSB)

had a blowout quarter, but Greenberg was still cautious on the stock.

But Greenberg was even more worried about

CVS

(CVS) - Get Report

because of its many acquisitions.

It buys other companies, takes on debt, and it numbers are not great when compared with those of

Walgreen

(WAG)

, Greenberg said. He added that Walgreen is a better-managed company.

Cramer said that CVS is better than it used to be and added that the stock was up a dollar. But Greenberg said that someday the debt will matter for CVS.

Even though Cramer didn't delve into President Bush's State of the Union address, he said that "if el presidente wants to pontificate about weaning ourselves from foreign oil," we can milk that theme.

He recommended looking into geothermal energy and said that "it could be the next solar power."

And the company he said to take a look at was the Israeli company

Ormat Technologies

(ORA) - Get Report

, which he believes has the best proprietary technology for geothermal energy production.

Geothermal energy frees hot water trapped in between tectonic plates so that it can transform into steam and be converted to electricity, Cramer said.

Like solar power, geothermal power consumes no fuel, so you don't have to worry about those volatile costs. But the sun eventually sets, while geothermal power can be used anytime, he said.

And a silicon shortage could make solar power more expensive.

Lightning Round

Bullish

Cramer was bullish on:

Headwaters

(HW)

,

Energy Conversion Devices

(ENER)

,

Alltel

(AT) - Get Report

,

ConocoPhillips

(COP) - Get Report

,

TradeStation

(TRAD)

,

Ameritrade

(AMTD) - Get Report

,

Sirenza Microdevices

(SMDI)

,

Goldcorp

(GG)

,

Birch Mountain Resources

(BMD)

,

BHP Billiton

(BHP) - Get Report

,

Northern Orion Resources

(NTO)

,

ZymoGenetics

(ZGEN)

,

Dr. Reddy's Laboratories

(RDY) - Get Report

,

Rediff

(REDF)

,

Broadwing

(BWNG)

,

Valero Energy

(VLO) - Get Report

,

American Tower

(AMT) - Get Report

,

Kyphon

(KYPH)

,

Archer Daniels Midland

(ADM) - Get Report

and

Google

(GOOG) - Get Report

.

Bearish

Cramer was bearish on:

Exxon Mobil

(XOM) - Get Report

,

American Superconductor

(AMSC) - Get Report

,

China TEchnology Development

(CTDC)

,

IntraLase

(ILSE)

and

Sify

(SIFY) - Get Report

.

For more of Cramer's insights during the 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 Boeing, BHP Billiton and Ameritrade.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com 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 TheStreet.com, 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 TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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