Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.

When stocks head higher, it's often for a good reason. Sometimes, that reason is a smart management team unlocking hidden value by breaking itself up. That was recently the case with Manitowoc (MTW) , which spun off Welbilt (WBT) , its restaurant equipment business.

There's no universe where construction cranes and restaurant equipment belong under the same roof, Cramer proclaimed, which is why the company's breakup announcement in 2015 was initially met with much fanfare. In the months that followed however, shares tanked as the company's construction business saw double-digit declines.

By 2016 however, construction was recovering, and the split was met with bull markets at both companies. Since the split, shares of Manitowoc are up 145%, while shares of Wellbilt rose by 64%. All told, shareholders were rewarded with an 83% gain and two great companies that are still both thriving.

That's what can happen when management takes control of their own destiny, Cramer concluded, and why he still likes both companies today.

Over on Real Money, Cramer says Janet Yellen's transparency has been good for markets. Get more on Cramer's insights with a free trial subscription to Real Money.

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At the time of publication, Cramer's Action Alerts PLUS had no position in stocks mentioned.

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