Even though Cramer is feeling optimistic that the problems in the system relating to the mortgage crisis will get fixed, he still wants Home Gamers to be prepared for the worst. They need a stock that should thrive in case the worst-case scenario plays out and the Fed lets seven million people actually lose their homes and some major banks fail, he said. They need a stock that’s economically insensitive and has the potential for accelerated revenue growth even if a bunch of companies have earnings that start collapsing left and right, he said. They need Allergan .
Cramer has been bullish on Allergan before - specifically Botox – which makes Allergan the ultimate play on the universal need for wrinkle-free skin, regardless of the state of the economy. But after listening to Allergan’s conference call, Cramer realized the stock is bigger and better than he thought.