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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday February 13. Click on a stock ticker for more analysis:

On the Mend: Viacom (NASDAQ:VIA), Time Warner (NYSE:TWX)

Cramer says that a broken stock can make a comeback only when the company is prepared to do something drastic to prove that profits are its chief concern. He is bullish on Viacom since it announced that it is cutting 250 jobs at MTV. Cramer compares this scenario to TWX's rise after selling of 18 of its magazines. The mistake Viacom has made, according to Cramer, is that it was being run like a growth company even after it stopped growing, and "became a victim of its own success" by its almost exclusive focus on a younger demographic. Since the company is more concerned about profits than growth, Cramer expects the company will deliver and adds that it is trading at a "big discount."

Related: Fred Barnako reports the job cuts at MTV were the result of the unit's "lagging performance."

Lamson & Sessions (LMS), American Standard (ASD), Home Depot (NYSE:HD)

Cramer discussed the "damned up flood of money in private-equity firms" and commented that if he were working at a private equity firm, he would want to buy LMS which is a gift at $28.25. Since the raw cost of PVC piping, one of LMS' products, is "dropping like a rock," the company should benefit, and its shortfall has already been priced into the stock. LMS is part of Cramer's "private equity dream" which includes ASD's plumbing business and HD's building and supply company. If a private-equity company purchases these three, it can form a "plumbing and construction powerhouse" that could go public in a few years.

Related: Eddy Elfenbein discusses ASD's split.

Hit or Miss: Whirlpool (NYSE:WHR), General Electric (NYSE:GE)

Cramer cited a Financial Times article reporting the most earnings misses this quarter since the third quarter of 2004, but he said that an earnings miss is not a reason to sell a stock, but can even be an incentive to buy or to hold, since most of the time, a poor report is already baked into the stock, as was the case with WHR. Cramer likes WHR because it and GE have a "virtual monopoly" on washers and dryers and that it has integrated its acquisition Maytag well. Cramer warned viewers not to buy after hours or before doing research on the stock.


CEO Interview: Michael Wilson, Agrium (NYSE:AGU)

Cramer commented that while many fertilizer companies see "capacity come on and new plants being built," he doesn't notice the same thing happening with AGU. Michael Wilson responded that progress has been slow since few anticipated the tight market, and the company hasn't been building new plants. However, fertilizer demand "is a major global phenomenon," he added, and the company already has 500 retail stores. Cramer is bullish on Agrium because he believes in the agricultural complex.

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Source: Jim Cramer's Mad Money In-Depth Stock Picks, Feb. 13