Date updated:04-04-2007
On April 2nd's Mad Money show, Cramer offered us his Iran Awry Portfolio which includes 4 investments that were a mix of defense, oil, gold and cash plays to prepare investors for the worst.
Cramer's 4th play is CASH: "Cash will be king in the event of a debacle and you need to have a lot of cash in the bank so you can "feast off of the panic."
His other 3 plays are below.

-
ABT
Abbott Laboratori - $52.35
- +1.59%
- $51.78
Because "higher oil prices breed recession," it's time to start getting into defensive stocks, Cramer said. Cramer likes it also because it is cheap AND it is a grower. "Abbott is a cradle-to-grave service, and it has a ton of [product] approvals coming up," Cramer said. "It could be the great insurance in case Iran does something stupid." He called Abbott the "sleeper drug stock" that should do well even if there is "Armageddon."

-
KMP
Kinder Morgan Ene - $55.54
- +0.85%
- $55.71
The second play is an oil play that will not get cut off if there is trouble with Iran. Kinder Morgan Energy Partners L. P. (KMP) was Cramer's choice because he likes the 6.3% yield and a rush into Treasuries if things go bad with Iran will only help the yield and stock. They have a big natural gas pipe and natural gas distribution that will help if conflict comes as well. What Cramer said he likes best of all is that Kinder Morgan distributes profits.

-
AUY
Yamana Gold Inc - $12.61
- +4.65%
- $12.48
Yamana is Cramer's gold play. Gold soars on any military action and AUY can take advantage of the high price and pump out gold cheaply. Jim has been behind this stock for a double and he continues to stand behind it. Yamana is expanding gold production with no extra cost, and it has "unbelievable growth," Cramer said.
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