Hynix new fab won't be done until end of 2015 earliest......also its production will take over for some of the older fabs of Hynix..also 4 billion does not buy that big a fab(see Raymond Jones).....No one said MU will be number one but they will be profitable and the stock will rise accordingly........I agree with you they say STRONG BUY then tell you all these negatives.......also DRAM and NAND will not be only sources of income.
Zach apparently is ranking MU a 'Strong Buy' but then turns around and talks up this stupid misleading Hynix oversupply of DRAM scare! They need to put that BS to rest!
"Moreover, Micron’s peer Hynix is reported to invest approximately $4 billion to build a new manufacturing facility for DRAM memory chips whose production is expected to start from 2015. Thus, over supply of DRAM chips could negatively impact prices. Additionally, it will also not be easy for Micron to capture share from SanDisk Corp. (SNDK), a key player in the NAND zone. Nevertheless, with support from its prime NAND customers – Apple and Intel Corp. (INTC) – the situation could become favorable for Micron going forward.
Currently, Micron has a Zacks Rank #1 (Strong Buy)."
You too dhaka man! Didn't care much for that drop to 22.17 at the close. Oh well, least we reached 22.58 today. Didn't sell. Gambling my little rear end off on this one but think I'll do OK (above 22.56 next week). kg
Hope not, most of them contributed. Some other really technical guys are also MIA. Hope they come back. We had a good BD here, before all the negative newbies moved in. They contribute nothing and know nothing judging by their posts.
hi-lo, ccchris etc etc etc.. I see some like Arts and a few others, not that many. It would even be good for Bruno to weigh in. Where are you guys, on vacation for the Holidays, if so Enjoy!
Well, I say today it did. Oh, the overall market has certainly helped. And I don't care for SA but the article was very positive for MU at a time we needed it. Just like the BS bloomberg & other neg article(s) timing along with the FED deal was opportunistically negative this week. I do agree with you that MU's undervalued right now and has more room to run into the new year.
because it's very undervalued and its recovering from the BS bloomberg article. you need to rethink about investing if you think a poorly written SA article can influence the market.
Hi kg, you are welcome, Sprint was just on talked about on Power Lunch on cnbc and it confirms what a lot of what the street is starting to realize, they are becoming a takeover target, the bid for T-Mobile and the willingness to work with Dish Network to develop and test a fixed wireless broadband service next year is making a lot of good noise. Also, things changed when earlier this year SoftBank of Japan took a major position in Sprint, I think about 80%, ever since the stock has perform very well.