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NEW YORK (TheStreet) -- Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.
Shares of Costco have been in decline ever since the company reported a slight miss in its quarterly earnings. Cramer said while the markets are thinking short term, longer-term investors can get into this great retailer at a very attractive entry price as shares are now well off their highs.
Sun Edison (SUNE) : You might not think that Sun Edison, a solar energy stock, would be able to rally 53% over the past six months with oil, its chief competitor, in decline, but that's exactly what this stock has been able to accomplish.
Sun Edison is a full-service provider of solar energy, offering everything from design and installation services to financing, monitors and maintenance of completed systems. But more than that, the company has also taken bold actions to unlock value in its quest to become a major renewable energy provider.
Sun Edison's first move was to jettison its slower-growing semiconductor business. That was followed by the creation of Terraform Power(TERP) - Get Report, a company that owns and operates the projects that Sun Edison builds. Terraform generates a ton of cash, allowing it to make acquisitions and still offer a 2.7% yield.
Cramer called the spinoff of Terraform a brilliant move for Sun Edison as building and operating these facilities are very different animals that investors can now value separately. Since its creation a year ago, Terraform has already made two sizable wind power acquisitions, while Sun Edison continues to have a 3.6 gigawatt backlog with more deals in the pipeline.
Ventas(VTR) - Get Report: In an exclusive interview,Cramer sat down with Debra Cafaro, chairman and CEO of Ventas, the senior living real estate investment trust that is unlocking value by first spinning off its slower-growing skilled nursing facilities, then acquiring Ardent Medical Services, a hospital owner and operator that Ventas plans to also spin off while keeping the underlying properties. Shares of Ventas currently yield just over 4%.
Cafaro said that Ventas offers not one but two companies that have both growth and high yield. She said the skilled nursing spinoff will be a pure play in that space and will be well positioned to grow.
Meanwhile, the remaining Ventas will still have the scale and diversification that investors have come to expect and, with the hospital acquisition, will be even better positioned for the future.
Macerich(MAC) - Get Report: Sometimes, CEOs just get it wrong. But sometimes they get it so wrong, they end up on Cramer's Wall of Shame. The newest addition to that list was Art Coppola, CEO of mall REIT Macerich.
Cramer explained that Coppola's rise to the Wall of Shame began in November, when rival Simon Property Group(SPG) - Get Report took a small stake in this then $68 stock and indicated it may be interested in acquiring Macerich. Despite countless downgrades and a missed quarter in February, Simon did indeed make an offer in March to purchase Macerich at $91 a share.
After turning down the more-than-generous offer, Simon made a second offer of $95.50 a share for Macerich, an offer that was once again rejected by Coppola.
Cramer said it's just crazy that Coppola turned down a 36% premium for Macerich's shareholders, especially given that Simon's offer was a 50-50 cash and stock deal that would have netted Macerish shareholders a big stake in what would've been a combined mall REIT titan. Additionally, Coppola offered shareholders no plans for getting to $95.50 a share on his own.
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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.