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Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Wednesday March 19 Click on a stock ticker for more analysis.

H &R Block (HRB), Jackson Hewitt (JTX)

After years of loathing HRB, Cramer thinks the stock is coming back thanks to its swooning competitor, JTX, which has declined 60%, it's new CEO Richard Breeden, formerly head of the SEC and its history as a recession-proof stock. The company is also getting rid of Option One, its mortgage servicing business, and will free itself from mortgage exposure. The stock was up and Cramer would wait for it to fall below $20 before buying.

Weyerhauser (WY)

There have been too many bears in WY's woods lately because of the assumption that WY will suffer from the housing market, "but that's just plain wrong," said Cramer. The TREE (Timber Revitalization and Economic Enhancement) Act, if it passes, will reduce corporate taxes on timber to 14% from 35% and will create a 60% deduction for capital gains. WY recently sold its recycling business to International Paper and can now pay off its debt and Cramer says WY is dramatically undervalued and is worth 26% more than its current price. He would be a buyer under $60 a share.

Chattem (CHTT) Zan Guerry, CEO

While savoring the success of tripling its fourth quarter profit, CHTT was dealt a blow when its Icy Hot pads were recalled because of reports of burns on customers, and the stock has fallen $11 since early February. Zan Guerry said the product was tested on 400 customers, "we saw nothing in our testing that would indicate there would be any problem whatsoever," and added the burns were caused by misuse. Following CHTT's write down, its other products have been performing well, with the exception of Gold Bond, which Guerry said sold less well because of the warm weather, but is improving. Cramer would wait for CHTT to drop 10% to ensure the risk is out of the stock before he would buy.

UBS (UBS), Merrill Lynch (MER), Citigroup (C), Washington Mutual (WM)

While Cramer usually singles out his favorites in a sector as horseman stocks, he would avoid these four horsemen of the financial Apocalypse: UBS, MER, C and WM.

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Source: Jim Cramer's Mad Money In-Depth, 3/19/08: Chattem Gets Burned