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A Stock That's Out of This World

AT&T , Sprint Nextel and Verizon Communications expect a significant increase in demand for voice and data over the next few years, Cramer said Wednesday. In turn, the "Mad Money" host thinks the demand bodes well for mobile satellite growth.

Iridium Communications provides satellite voice and data communications by way of its 66 low-earth satellites. The Bethesda, Md.-based company is the only service provider that covers 100 percent of the earth's surface. Cramer likes the satellite phone business because it's a duopoly, meaning there are just two players. Its sole competitor is Inmarsat, but he prefers Iridium because of its superior network and U.S. government contracts.

Although Iridium is a high-flying stock, Cramer thinks it's pretty cheap, selling for 10 times next year's earnings with an 11.4 percent long-term growth rate. Being as the stock is flat since having recommended it last month, Cramer thinks it might be worth a buy. But to learn more about this company and the satellite phone business in general, Cramer interviewed CEO Matt Desch. Watch the video to see the full conversation.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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