Jim Cramer's Mad Money In-Depth Stock Picks, Sept. 18

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday September 18. Click on a stock ticker for more analysis:

Chips on the Cheap: Atheros Communications (ATHR), Broadcom (BRCM), Freescale (FSL)

Cramer thinks that ATHR and BRCM could have a story similar to that of Freescale, a Motorola spinoff which did not receive much attention until it became the center of a bidding war and was picked up at a 30% premium. Freescale was a good target because it was a "cheap stock that was going places," Cramer says and adds that ATHR and BRCM are similar stocks which are good speculative plays even if they aren't taken over. Atheros is doing well in the wireless space and best-of-breed BRCM is "ludicrously cheap" and has a lot of cash, Cramer observes.

Related: Mick Weinstein discusses the success of ATHR in WiFi chips.

Tantalizing Takeovers: Verigy (VRGY), Novelis (NVL) Teradyne (TER) and Advantest (ATE)

Continuing his discussion of Freescale, Cramer singles out VRGY and Novelis as two spin-off companies which are attractive targets like FSL was. VRGY which is virtually unknown and makes equipment that tests semiconductor chips may be picked up by TER or ATE, although this could take some time; "in a solid 20 months before it gets acquired, it could go up all on its own, takeovers aside," Cramer said. For a good short-term play, Cramer recommends Alcan (AL) spinoff Novalis (NVL) which he thinks will get a bid in three months.

Not Written Off: International Paper (IP)

Sometimes a stock which is "written off and lost" makes a serious comeback says Cramer who puts IP in that category. While this company flat-lined and lost investors money, Cramer observes that IP is now getting stronger because natural gas is low, and it has been selling millions of acres of timberland, has decreased its labor force by half and is buying back 20% of its stock. Cramer urges investors to get in early and buy IP since there are rumors that it may increase its dividend.

Related: Mick Weinstein comments on the IP's sale of timberland and its strong earnings.

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