Turning to other drivers in the business, Ouimet noted that while many parks used to shut down after Labor Day, Halloween is now emerging as an added bonus for amusement parks that offer seasonal offerings for that holiday. He also said that with every major market now being served by an amusement park, it's unlikely that another regional amusement park will ever be built again in the U.S. Cramer said Cedar Fair remains a great company with a terrific yield.
In the Lightning Round, Cramer was bullish on Valero Energy ( VLO), Abbott Laboratories ( ABT), Fifth Third Bancorp ( FITB), Huntington Bancshares ( HBAN), KeyCorp ( KEY), Omega Healthcare ( OHI), Icahn Enterprises ( IEP) and Canadian Natural Resources ( CNQ). Cramer was bearish on Goodyear Tire & Rubber ( GT).
In another installment of red-hot stocks that could be prospective breakup stories, Cramer highlighted Applied Materials ( AMAT), the semiconductor equipment maker that's been all but left for dead as the demand for PCs has been waning. But Cramer said that, according to the company, the semiconductor equipment business has bottomed and orders for 2013 are so far already ahead of plan. So what's the breakup angle? Cramer explained that Applied Materials consists of three divisions, its old-line semiconductor equipment business, a division that makes equipment for LCD and OLED display panels and a third that makers equipment for solar panels. He said it's the latter that's been holding the company back, which has some analyst calling for Applied Materials to shut down that segment altogether. But Cramer said that shutting down the solar business would be a mistake because much of the supply for solar cells has disappeared and a bottom in that market may be at hand later in 2013. What would make more sense, he said, would be to spin off the solar division, along with the LCD division, to make a speculative maker of panels, leaving the old line semiconductor equipment business behind. Given comparable valuations, Cramer said the core semi business is worth at least three times sales, or 25% more than shares trade today. Give the new panel entity a one times sales valuation and that would add an additional $800 million, taking the total value 30% higher than today.