Yahoo! ( YHOO), which Jim Cramer owns for his charitable trust, Action Alerts PLUS , has gotten too cheap, he told a caller on his "RealMoney" radio show Friday.

He said he would pull the trigger right now as Yahoo! is a good company. He predicted that the stock would bounce back to $28 or $30 when cooler heads prevail, although he said he's not sure when that could happen.

Because Yahoo! is down too much, he advised the caller to stick with it.

When a caller inquired about Foster Wheeler ( FWLT), which he also owns for his charitable trust, Action Alerts PLUS , Cramer told the caller to let sellers sell it.

"Wait until they are done and then buy," he said.

Cramer said he is tired of taking beatings in infrastructure plays. Don't stand there until they are finished creating the bargain, he said, adding that the selling is not over yet.

When a caller asked about Ford ( F), Cramer said that he'd focus on General Motors ( GM) instead, because he believes that GM is a better run company than Ford and worth getting into.

Cramer told another caller that if he decides to wait six months, then Airgas ( ARG) might go up.

But if the caller wants performance in the near future, Cramer advised getting into PepsiCo ( PEP), Coca-Cola ( KO), Bank of America ( BAC) or Wells Fargo ( WFC), all of which are going up now, he said.

Bed Bath & Beyond ( BBBY) has fallen to $32 because it announced that it wasn't going to build as many stores as people thought, Cramer said.

"With this honest statement, they have gone to the woodshed," he said. "But I believe you should be there. I would be careful selling it here. I would be a buyer," Cramer said.

Cramer told a caller that he would buy Mellon Financial ( MEL) hand over fist, as the company reported a magnificent quarter and has a good, steady business.

"I would buy it aggressively here at $34," Cramer said.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Foster Wheeler and Yahoo!.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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