NEW YORK ( TheStreet) -- "Those who do not know their history are doomed to miss the move," Jim Cramer announced to the viewers of his "Mad Money" TV show Wednesday, as he boldly predicted a double for semiconductor giant Intel ( INTC), a stock which he owns for his charitable trust,
On Solid GroundIn the "Executive Decision" segment, Cramer spoke with Peter Georgiopoulos, chairman of Baltic Trading ( BALT), a dry bulk shipper that Cramer panned a few weeks ago and told investors to steer clear of. Georgiopolis defended his company by saying that Baltic Freight is not an unknown entity, its parent, Genco Shipping ( GNK), has a long track record of returning capital and doing right by its shareholders. Georgiopolis also defended the fact that Baltic had no ships when it launched an IPO last month. He said the move was simply a timing issue, and the company could not take possession of its ships without proceeds from the IPO. He said that all of Baltic's ships are being bought from third parties and are not simply moving from Genco to its subsidiary. When asked about the IPO itself, Georgiopolis noted that the IPO was not marked up, and represented the cost of the ships it was purchasing. He said that with Baltic's share price now below the IPO price, investors can buy shares for less that the net asset value of the company. Finally, Georgiopolis defended Genco's stake in the business as its biggest shareholder by saying that investors should want a big shareholder with a track record of making money. After hearing Georgiopolis' arguments, he said that Baltic is probably OK to buy, given its shares have fallen below its IPO price.
Green PlaysOn the heels of a strong quarter from Tractor Supply ( TSCO), Cramer said investors need to plant a little money into Scotts Miracle-Gro ( SMG), the market leader in lawn and garden products. Cramer said Scotts is the king of do-it-yourself lawn and garden care, with great brands including Miracle-Gro, Ortho and Round-Up. The company receives 70% of its sales from the big retailers, including Lowes ( LOW), Home Depot ( HD) and Wal-Mart ( WMT). But unlike traditional vendors, Scotts has regional offices throughout the country and tailors its products for local markets, making them far more effective. Cramer said the shares of Scott have risen 43% since he last recommended it on May 1, 2009. The company has sold its underperforming divisions, like its Smith & Hawken line of outdoor furniture, and is focusing on its core businesses. Cramer said this $47 stock could hit $55.
Am I Diversified?Cramer played "Am I Diversified" with callers to see if their portfolios have what it takes. The first caller's portfolio included John Deere ( DE), Harley Davidson ( HOG), Wells Fargo ( WFC), 3M ( MMM) and Johnson & Johnson ( JNJ). Cramer said that this portfolio was "hitting it out of the park." The second caller's top holdings included DuPont ( DD), Verizon ( VZ), Baytex ( BTE), BP ( BP) and Bank of America ( BAC). Cramer said that Baytex and BP were too similar and one had company had to go. The third caller had Wal-mart ( WMT), Coca-Cola ( KO), UPS ( UPS), Union Pacific ( UNP) and AT&T ( T) as their top five stocks. Cramer said that UPS and Union Pacific were both transports, and Union Pacific has to go after it reports earnings.
Lightning RoundCramer was bullish on Advanced Micro Devices ( AMD), Anadarko Petroleum ( APC), Costco ( COST), Imax ( IMAX), ARM Holdings ( ARMH), Yahoo! ( YHOO), Carrizo Oil & Gas ( CRZO), Exelon ( EXC) and Murphy Oil ( MUR). He was bearish on Merck ( MRK). -- Written by Scott Rutt in Washington D.C. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.