NEW YORK (TheStreet) -- TheStreet's Jim Cramer says it's not often that a company as good as Apple(AAPL) - Get Report with a great management team gets "assaulted" by an activist, but that's the word he chooses to describe Carl Icahn's comments in a letter Thursday.
Cramer says Icahn believes the tech giant is not buying back stock aggressively enough, but Cramer notes they are buying back stock faster than any other company.
Icahn also thinks Apple stock should be greater than $200, which would be approximately double its current $100 price, because a short squeeze should be triggered by a tender offer. He also thinks Apple TV could have 25 million units, but Cramer does not even want Apple TV.
Cramer thinks the sum total of what Icahn is doing is picking on a winner, but the old Icahn used to pick on losers. Cramer says he misses the old Icahn.
TheStreet Ratings team also like Apple, as it rates the stock a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
- You can view the full analysis from the report here: AAPL Ratings Report