Did you miss last night's "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
For those not familiar with FMC, the company is largely a manufacturer of agricultural chemicals, which account for 70% of sales. But FMC also makes compounds for lithium batteries, a business that is now growing at 22% a year.
Cramer said that when agriculture was out of favor, FMC continued to invest in itself and make smart acquisitions, most of which are only now bearing fruit.
On the company's conference call in early November, FMC noted strength in Latin America, particularly Brazil, as well as in Asia and North America. Goldman Sachs (GS - Get Report) added the company to its Conviction Buy list on Dec 12.
After falling from a high of about $84 a share to as low as $32 a share, Cramer said, FMC is inexpensive where it's trading now, at $58 a share and 18 times earnings -- especially after bullish comments from rival Monsanto (MON) today.
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
To read a full recap of this episode of "Mad Money," click here.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.