MIDLAND

— According to one of the most lively Wall Street gurus, shares of Dow Chemical Co. are dirt cheap right now.

, host Jim Cramer fielded a call from a Czechoslovakian in California in the show's lightning round asking for his opinion on Dow Chemical.

"I think that stock is dirt cheap, with natural gas prices staying low, and that company is reinvigorated." said Cramer.

"Don't forget Lyondell (LyondellBasell Industries). Lyondell (LYB) is even better than Dow."

LyondellBasell, a Multi-national company from the Netherlands, who manufactures materials for a wide range of industrial applications, was trading at $38.93.

Cramer's reference to Dow being a reinvigorated company is pointing to its two recent joint venture opportunities with Japanese companies:

Dow and Ube Industries enter joint venture to create advanced battery materials.

Dow & Mitsui enter joint venture to produce sugarcane-based ethanol in Brazil.

Next week,

for 2011. In last year's second quarter, Dow reported income of $651 million, or 50 cents per share. Revenue was $13.6 billion.