Jim Cramer Mad Money Show Interview /w CEO of ConAgra (CAG) Gary Rodkin

Cramer welcomed President and CEO of ConAgra (CAG) Gary Rodkin to the "Mad Money" TV show to discuss his company's prospects. Cramer first recommended ConAgra on Oct. 26, 2005, and again on March 28, 2006. The stock has fallen 10% and 6% from his calls. The stock is now stuck at $23 and Cramer can't figure it out. ConAgra recently sold off its commodities-trading division in an effort to please Wall Street. Rodkin said Wall Street just doesn't get that the company has a great brand portfolio that includes: (Peter Pan, Chef Boyardee, Swiss Miss and more). Plus, the company as a solid pipeline of products that will bring in more growth. "We are very confident in the algorithm that we’ve put forward," he said. Rodkin explained that the deal to close its commodities-trading business isn't done yet, but once it is he is sure ConAgra will be back on track. He said that strong global demand, a weak dollar and higher sales from rising ethanol production are adding to the company's higher food costs. Cramer told investors that if they think raw costs will continue to go up, they should avoid this stock but if not, the company's great brands are selling for a discount.