I have owned BX since it crashed, along with everything else. Accumulated a good bit, because it usually pays to ride with the moneymen. Cramer has been very negative on private equity in the past. He was wrong then and now he likes it. Well it gives me pause. But he is very right about monetizing investments. Look for $27.00 by Jan 2014. And an increase in distributions will happen as well, maybe as much as $2.00/share. No reason to sell BX, Cramer is finally right!
The point most people miss about Cramer is that he is doing a TV show - he's being an entertainer. And that's what his TV appearences are good for; entertainment purposes only.
A few years ago a newspaper actually followed his picks for some period of time and named him "the 47% kid", because he was right 47% of the time. Undoubtedly, if you spoke with him personally, he could give you some interesting advice, but a show where he has to be entertaining is a waste of time for stock advice.
Personally, I find his show a bore, but if you find it entertaining then good for you. However, you're asking for losses if you actually listen to the advice dispensed on it.