Summary MU surprised the market with its EPS guidance. Fundamentals appear to be deteriorating. Taking into account recent results, the Inotera acquisition and guidance, the stock valuation is not sufficiently cheap enough for me. Micron Technology (NASDAQ:MU) came out with results yesterday. As the graph shows below, it has been a difficult year for … [Read more...]
Low DRAM Prices Present An Opportunity To Get Long Micron
Summary The stock is trading at an EV/EBITDA of 3.6x. The decline in DRAM prices have hurt performance and the stock price. There is a growth story developing with potentially very hot new products in the next few years. INTC cooperation appears solid and Samsung will not initiate a price war. The stock is still cheap even with 2016 or 4Q15 annualized numbers. … [Read more...]
