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Can Sprint Dial Up Big Earnings?

"Few stocks have been more controversial than Sprint," Cramer said Thursday. "The stock has become a battleground because so many people are skeptical about the future of the company."

The wireless company's litany of woes involve capital spending, new phone offerings and the need to stay ahead of the competition. Perhaps most important, though, is the pending consolidation of the industry. In March, AT&Tannounced plans to buy Deutsche Telekom's T-Mobile USA, in a $39 billion cash-and-stock transaction that would create a new industry behemoth by combining two of the four largest wireless carriers in the U.S.

Cramer is standing by Sprint, though. He said the company has undergone a fantastic transformation thanks to CEO Dan Hesse. In terms of reliability, price and service, he thinks it's top-of-line.

But with so many headwinds facing the company, can it stay ahead? To better understand Sprint's game plan, Cramer invited Hesse to the "Mad Money" studios. Check out the video to see the full interview.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com