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Jim Cramer told viewers of his "Mad Money" TV show Monday, that the proposed merger between Sirius Satellite ( SIRI) and XM Satellite Radio ( XMSR) is finally closer to becoming a reality.

Cramer's optimism came after FCC Chairman Kevin Martin recommended approval of the satellite radio merger.

The deal, now one year and 119 days old, has been a point of contention for Cramer, who has argued that the combined entity would be a boon for the companies and consumers.

With a photo of the five FCC commissioners in tow, Cramer said the vote will be close with the deciding ballot apparently in the hands of Commissioner Deborah Taylor Tate.

He once again ran over his arguments on how a combined Sirius/XM would benefit everyone except the old guard, terrestrial radio.

According to Cramer, the issue is not about choice for consumers. In an age of iPods and digital downloads, Cramer dismisses the argument that consumers need two satellite carriers to bolster competition.

"This is about whether or not we have satellite radio at all," he said, adding that XM most likely will not survive without a merger.

Cramer: Don't Call XM-Sirius a Done Deal

However, a combined Sirius/XM, said Cramer, would be a terrific long-term play and create "a dominant company" that will compete with terrestrial radio. He said the combined company would put an end to the bickering between automakers and content providers and provide for an equitable split of revenues.

Cramer again urged the FCC to "give consumers a choice between free commercial radio and paid, commercial free radio."

A Triple Play

Cramer once again turned his attention to the country of Chile for what he called a "triple play" of growth potential. He re-recommended mining giant Sociedad Quimica ( SQM) as one of his favorite Chilean stocks.


According to Cramer, Sociedad Quimica has three things going for it. First, the company operates in the red hot Latin American economy, which has been growing steadily as opposed to the ailing U.S. economy.

Second, Sociedad Quimica has a large agricultural component. Cramer's been a long-time supporter of the growing bull market in agriculture as the world needs more and more fertilizers to fuel its growing food and ethanol needs.

Third, Sociedad Quimica is the world's largest producer of lithium, a resource which it hopes to increase by as much as 40% by the end of 2008. "This is the perfect company to supply plug-in cars," said Cramer, noting the continued growth of Lithium-Ion batteries as the battery of choice for autos and another industries.

Despite these strengths, Cramer said SQM is unloved on Wall Street, with little U.S.-based research on it. Cramer, though, thinks SQM as a buy, buy, buy.

A Black Eye

Cramer welcomed Joe Nocera, New York Times columnist and author of the new book Good Guys and Bad Guys, to the show.

He wanted Nocera's input on an opening created on Cramer's "Wall of Shame" list of the worst CEOs with the ouster of AIG ( AIG) CEO, Martin Sullivan.

Noting it was an easy decision, Nocera added Jerry Yang, founder and CEO of Yahoo! ( YHOO) to the Wall of Shame.

According to Nocera, Yahoo! hasn't done a thing in five years and is getting "their lunch eaten by Google." He said Yahoo! has no plan for the future and predicts the company's stock price will plummet.

Nocera said Yang's refusal to accept the recent deal from Microsoft ( MSFT) was a mistake and not in the shareholder's best interest. He said founders often do not understand that the company is not theirs and instead belongs to the shareholders.

Cramer agreed with Nocera's view and was bearish on Yahoo!.

Mad Mail

In this segment, Cramer told a viewer that Precision Castparts ( PCP) is a still a buy and he'd stick with it.

Sudden Death

Cramer was bearish on LB Foster ( FSTR), North American Galvanizing ( NGA) and Evergreen Solar ( ESLR).

Lightning Round

Cramer was bullish on Oceaneering International ( OII), FMC Corp ( FMC), Core Labs ( CLB), HJ Heinz ( HNZ), Sony ( SNE), Visa ( V) and Mastercard ( MA).

He was bearish on Cal-Maine Foods ( CALM), HNI Corp ( HNI), Teradyne ( TER), Allied Capital ( ALD), Accuray Incorporated ( ARAY), Apple ( AAPL), and Intuitive Surgical ( ISRG).

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 .
At the time of publication, Cramer was not long on any stock.

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."

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