Cramer Sees Bidding War Intensifying For Potash

In Tuesday’s "Stop Trading! Round," Mad Money boss Jim Cramer said that the bidding war for Potash Corp POT “may have just begun.” He cited several companies apart from BHP Billiton BHP that could be in the fray for POT. Cramer believes that it it’s over by a “long shot.” On Tuesday, POT rejected BHP’s bid of $38.6 billion, citing improper valuation of the company. According to Cramer, BHP is taking the same route as Air Products and Chemicals’ APD attempt to acquire Airgas ARG. As the fertilizer industry is at the threshold of a “major fertilizer cycle,” Cramer thinks BHP will not get Potash for anything less than $160 a share. Cramer also spoke highly of Home Depot HD. When compared to Lowe’s LOW, Cramer stressed that HD “keeps delivering.” He further mentioned that Black & Decker SWK has had a “fantastic” quarter. He now expects SWK to return to its 52-week high. Cramer appeared bullish on The TJX Companies Inc. TJX, calling it a “very well run company.” Cramer concluded his show by criticizing UBS’ downgrading of Cree Inc. CREE by asking people to buy the company’s stocks “hand over fist.” CREE closed at $58.76, up 0.77% after-hours on Tuesday. Read more here .