Cramer's 'Mad Money' Recap: Forget About Washington

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Cramer said Paychex is a good business that's only getting better with the economy. In the meantime, the company's 4% yield pays investors to wait.

Helped by Diversification

In his second "Executive Decision" segment, Cramer spoke with Tim Main, outgoing president and CEO of contract manufacturer Jabil Circuit (JBL) , which delivered a five-cents-a-share earnings beat on higher than expected revenue. Shares of Jabil popped 7.4% on the news.

Main said Jabil was helped by its diversification into multiple industries. He said the company's materials and services businesses alone now account for 31% of sales, and those have nothing to do with Jabil's traditional electronics manufacturing segment.

Main was also candid about some challenges that his company faced in this most recent quarter, challenges that are now largely behind it and won't be repeating. He said gross margins are improving now that Jabil is moving forward.

Among his company's many segments, Main noted that TV set-top boxes were not as robust as usual for this time of year, but snark phone handsets, especially in the high-end, continue to be strong. He said that mobility is still in its early innings as new devices change how we interact with content and media.

Cramer thanked Main for his many years of service and said he looks forward talking to Jabil's new CEO in the upcoming quarter.

Lightning Round

In the Lightning Round, Cramer was bullish on Energy XXI (EXXI) , LyondellBasell Industries (LYB) , PPG Industries (PPG) , Linn Energy (LINE) , LinnCo (LNCO) , Jacobs Engineering (JEC) and Exact Sciences (EXAS) .

Cramer was bearish on Tronox (TROX) , QR Energy (QRE) and NXP Semiconductors (NXPI) .

The Recession and Ethan Allen

For his third and final "Executive Decision" segment, Cramer once again sat down with Farooq Kathwari, chairman, president and CEO of Ethan Allen Interiors (ETH) , a stock that's down five points from its highs along with the overall markets despite delivering a better-than-expected quarter.

Kathwari said the great recession hit Ethan Allen like a tsunami, with sales falling by over 40%. Since then the company has restructured itself and is now, just two years later, growing both gross margins and operating income. He said consumer confidence is an important factor for Ethan Allen, so the elections and now the fiscal cliff debate is having a delaying impact on sales.

Kathwari also took a moment to highlight some of Ethan Allen's unique accomplishments as his company celebrates its 80th anniversary. He said the company's Vermont facility will be burning zero oil this year because the plant is now converting its wood waste into electricity with a good old-fashioned steam engine.

Kathwari said it hasn't been easy being a U.S.-based manufacturer, but has survived by consolidating 30 plants to just six and growing into markets like China, where the company now exports its products made in New Jersey.