Apple's (AAPL -0.3%) recent selloff has been enough to make Jim Cramer turn bullish. "We think...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Apple's (AAPL -0.3%) recent selloff has been enough to make Jim Cramer turn bullish. "We think this is a buying opportunity for the long term — a 10% discount for a company trading at 10x [EPS], excluding cash," says the animated Mad Money host. He touts Apple's product line and $120/share in cash, as well as early iPhone 5 demand. (Nomura) (Sterne Agee)