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Micron Technology, Inc. Message Board

  • bullseyecatnip bullseyecatnip Jun 17, 2013 10:08 AM Flag

    Confused - help


    Is anyone else a little concerned and cautious about this Qs quarterly numbers and expectations? I raise the question only because everyone is so optimistic. I DO believe in MU and have only sold 15% of my position near recent highs. Because accounting practices have so many loop holes and I certainly don't understand them all, I didn't know if there are any benefits to MU getting any so/so or bad news out and off the table to clear the decks in the Q prior to the acquisition of E or do so the first Q of the E acquisition. Or might acquisition write-offs' benefits far outweigh any negatives (if any negatives).

    That aside I am very optimistic about the long-term prospects of MU. Their management and employees should be very proud of how they turned the company around over the past few years.

    This topic is deleted.
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    • Agreed, the employees have done a great job; but this pup is hot because it has the flash, and the right drill....this stock will make you famous..Nothing can stop Micron from doing another double within a year.
      One can now see copacity is not an issue, and the sky is the limit for MU.

    • Not worried one bit. True, micron is up over 100% this year. But it pretty much has done nothing in the last two years, it is down quite a bit the last 5 and 10 years. Micron can go to $40 per share this year and it would be up 5% annualized the past decade. Micron has done a good job hanging on for dear life the past several years to be one of the last men standing in the memory business. Steve Appleton used to say all the time that eventually the DRAM business would be very profitable. I think his vision is finally coming to fruition. As others on this board have said micron is a very leveraged company. While these companies can be very risky their stock prices can EXPLODE higher when things go right. I cannot think of more things going right for a company at the same time than for micron right now.

      Sentiment: Strong Buy

      • 1 Reply to bigchad789
      • Bigchad- I take umbrage with thinking of Micron in the old fashioned way by saying that "micron is a very leveraged company"...IF the Jeffries analysis is anywhere near accurate it says that MU will earn $2.57 next year ex-Elpida!..throw in Elpida and maybe, just maybe you may get to $3 a share EPS. Well that translates to say 3 billion FCF which would make MU immediately net cash. This is what MIGHT happen.At any rate all things point to a very positive outlook.Thisstock price may look very,very low by year end.

        Sentiment: Strong Buy

    • Cardinal rule. Never buy a stock going into earnings especially if they are marginal or suspect.

    • bull- foget the numbers on Wednesday- it is going forward that matters....and Elpida has not really been fully factored into the equation- Micron will become a powerhouse and the time to load up is now IMO.

      Sentiment: Strong Buy

    • If making money is guaranteed, then everyone would be rich.
      Nothing but trash talking is going on here and we are here just for fun.

      If you are looking for advise from folks on message boards, then good luck to you.

    • Flash memory producer Micron (MU) is climbing after three analysts increased their price targets on the stock, largely due to increases in the prices of flash memory products. WHAT'S NEW: Jefferies analyst Sundeep Bajikar raised his price target on Micron to $18 from $15 in a note to investors earlier today. Flash memory prices have increased by large amounts in the first half of this year while supply constraints should extend into 2014, the analyst wrote. Bajikar expects Micron's stock to rise as flash memory prices stabilize going forward, and he kept a Buy rating on the shares. Similarly, Citigroup analyst Glen Yeung raised his price target on the stock to $19.00 from $13.50, as he expects flash memory prices to continue to rise. He also expects Micron to benefit from the acquisition of Japanese chip maker Elpida, and predicts that Micron's earnings will beat expectations by a large amount in fiscal 2014. Yeung kept a Buy rating on the stock. Finally, Credit Suisse raised its price target on Micron to $20 from $14. The firm expects the company to report stronger than expected third quarter results and provide stronger than expected fourth quarter guidance on Wednesday. Micron is benefiting from higher prices, added the firm, which kept an Outperform rating on the shares

      Sentiment: Strong Buy

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