If any stocks have been beaten up, it's these. But after taking a hit, Cramer thinks they may come back swinging.
That's a lesson Cramer learned from Groupon, a stock Cramer despised. "I thought it was too much hype versus the reality of the business model. All the way down I told people to jettison this stock because I didn't like management, especially former CEO Andrew Mason," Cramer explained.
However, at the end of February a management shake-up ended with some new faces in the corner office; Eric Lefkofsky and Ted Leonsis were named as replacements.
"I didn't know Lefkofsky, a Chicago venture capitalist, but Leonsis was someone I had dealings with when I started TheStreet.com. Since he took over, the company's been busy cleaning up its act, retaining customers, building a good mobile business and now it's got a restaurant reservation tool," Cramer said.
Unfortunately, Cramer failed to anticipate the positive impact the new leadership would have on shares and therefore he never recommended the stock as a turnaround story. That chafes Cramer because the stock has gained about 100% since late February.
Cramer hates missing turnarounds.
Therefore he's identified 3 other stocks, trading in the single digits, that he thinks may be at or near similar points as Groupon, last February.