Chairman and CEO Peter Van Stolk of Jones Soda Co. (JSDA) joined Cramer on Mad Money 3-16-07 via telephone to discuss his company’s recent performance. Cramer asked him how he pulled off such a great quarter. "Actually our team did it. We worked really hard, had great sales and a great introduction to our new product in the 12-ounce can," Van Stolk stated. "I think the conversion to pure cane sugar is what's really taken it by the storm." "One thing that's important to understand about Jones Soda and what gives us, we believe, a competitive advantage is that I can put a picture of your loved ones on a bottle of Jones Soda," Van Stolk stated. Van Stolk explained that no other beverage company can do this because JDSA owns the patent rights. Jim thinks this stock has more upside to go.

The president and CEO of The H.J. Heinz Company (HNZ) and alumni of McCombs Business School, William Johnson joined the show. Jim asked if he was right to name HNZ as the "ultimate defensive play" and will the Chinese and Japanese enter the market. Johnson replied "we have our bottles on their tables." Also the appearance of a big shareholder like Nelson Peltz showing up was talked about as it scared many. Johnson thinks that no one wants a boss and it was viewed as normal resistance, but these guys do bring value so it should not be viewed negatively. The theme of the company is innovation. Jim called this an "ideal weak dollar play" and it "defines the most defensive business possible."

Cramer welcomed Angelo Mozilo, Countrywide Financial Corporation's (CFC) chairman and CEO, to the show tonight. Jim questioned him on why he halted the writing of bad loans while the rest of the companies that operate in his sector continued to issue them. "I had mentioned a year ago that I was deeply concerned about New Century Financial Corporation (NEWC) and Ameriquest" in terms of the quality of their loans and the companies' margins, Mozilo stated. "Their business model forced them to do that. They had a bad business model." Mozilo expressed even more concern that consumers who weren't fit for loans like first-time buyers and minorities will soon be forced out of their houses now that the liquidity injected into the sector is going away. Without them, the entire housing market will get impacted, he said. Mozilo also mentioned that now with the collapse in the subprime market his company is starting to acquire new customers. He thinks his company is in a great position now because of the collapse and flush in the subprime market. Jim thinks that if investors agree with his prediction of a rate cut coming from the Fed in May, then it's time to buy CFC.