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"Buy Rite Aid ( RAD), Jim Cramer told "Mad Money" TV viewers Wednesday, a company that he always says to stay away from.

"If you do want to go out and find an absolutely worst of breed pharmacy, you're always going to end up with Rite Aid," Cramer said. "But when the bull market is upon us, we break the rules and buy worst of breed."

Cramer said that the "unquestionable bull market in the pharmacies" is what makes Rite Aid right.

"I hate Rite Aid. ... I just want you to buy it," he said.

It's sexy now for all the same reasons he's been recommending best of breed Walgreen ( WAG) and CVS ( CVS), and it's all about Medicare Part D, Cramer said.

This is because the new legislation encourages people to buy generic drugs, which translates into more money for pharmacies as the government drops $400 million on drug spending, Cramer said.

So why buy Rite Aid when there are best of breed players out there? You've missed nothing with Rite Aid, he said, adding that it's extremely cheap next to the competition.

Rite Aid closed Wednesday's regular session at $3.89.

And Rite Aid had positive same-store sales for the first time, Cramer said, adding that "you've got a stock here for the first time in a long time that might rally for good reasons."

Moreover, a Goldman Sachs analyst has upgraded the stock, he said.

Take a Gamble

We have no choice but to go where the money is ... and that means going to China, Cramer said.

But, as always, he said to steer clear of Chinese companies and to buy American companies that profit off the quirks of the Chinese. In this case, he said it's time to make some money from the fact that the Chinese are gambling again.

While gambling isn't kosher on the mainland, it's the biggest industry on Macau, the "Las Vegas of the east."

The little city off the southern coast of the China belonged to Portugal until 1999, and like Hong Kong, became part of the People's Republic but has an independent judicial system, Cramer said.

He pointed out that 18.7 million tourists went to Macau in 2005 -- more than went to Germany -- and that the city expects 35 million a year by the end of the decade.

And 50% of Macau's tourists come from mainland China, Cramer said.

The stock play on this trend is Las Vegas Sands ( LVS), one of the first casino and entertainment companies to hit the city.

"It's giving the people of China all the Western bourgeois decadence they could desperately crave," Cramer said.

Plus, Las Vegas Sands makes a large portion of its profits in Macau already, a city where the house makes 10 times what it does in Vegas, he added.

Piping Hot

Always on a bull hunt, Cramer told viewers that pipe is on fire.

There's demand for water piping, oil and natural gas pipelines -- seemingly unrelated stories that come down to one thing: the fact that people want a lot of pipe, he said.

In previous shows, he mentioned PW Eagle ( PWEI) as a pipe play. But he wanted to focus on water pipes Wednesday, because only 2.4% of the water on Earth is fresh water and less than 1% is available for human use.

He said that there are more than a billion people on Earth with no access to clean water and that there's a bull market around the corner in water pipes.

He said that Home Depot ( HD) is a play on water pipes, because it is acquiring a water pipe business; and Cramer also said to take a look at Insituform Technologies ( INSU).

The latter company is a small pipe-repair company that sells water piping, too.

iRobot ( IRBT) co-founder and CEO Colin Angle joined Cramer to discuss the company's growth strategy.

Angle said that it's not about taking away market share from competitors, it's about creating an entirely new industry with innovative products.

Bomb-dismantling robots are expected to be an incredible business for iRobot, Angle said, adding that the company has shown the military that "robots can get the job done" and that the product "is saving lives."

The military has deployed 300 PackBots in Iraq and Afghanistan to assist in reconnaissance missions and roadside bomb detection.

Lightning Round


Cramer was bullish on: Ameritrade ( AMTD), ValueClick ( VCLK), Monsanto ( MON), Adobe Systems ( ADBE), Diageo ( DEO), American Science & Engineering ( ASEI), Texas Roadhouse ( TXRH), Goldcorp ( GG), Southern Copper ( PCU), ISIS Pharmaceuticals ( ISIS), Broadcom ( BRCM), Aspen Technology ( AZPN), AU Optronics ( AUO) Amgen ( AMGN) and Halliburton ( HAL).


Cramer was bearish on: Novavax ( NVAX), Autodesk ( ADSK), Brown-Forman ( BFB), Fieldstone Investment ( FICC), Newmont Mining ( NEM), and Internet Initiative Japan ( IIJI).

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 Ameritrade, Halliburton and Southern Copper.

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.

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