Apple's Tim Cook made a bold move by repurchasing $14 billion worth of his company's own stock during the past two weeks, CNBC's Jim Cramer said Friday, a measure Cook disclosed to The Wall Street Journal on Thursday.
How bold exactly? Well, it was so audacious that Cramer compared Cook's move to Hollywood's notorious hair-trigger cop—Clint Eastwood's Dirty Harry movie character. Cramer said the buybacks seem liked Apple was saying, "Good ahead—make my day," to Wall Street a week after its stock took a hit because of disappointing first-quarter results.
"Right? Literally it's a Clint Eastwood buyback," Cramer said on "Squawk on the Street." "And I love that. I congratulate them. Bravo for listening."
(Read more: Apple buys back $14 billion stock since results)
Cook told the Journal that he was surprised when Apple shares dropped 8 percent the day after it reported earnings on Jan. 27. Cramer said Apple's buyback plan seemed like a smart move compared with stock repurchases from companies such as Cisco and ADT.