Well, the cash position will be above 500 million with 55 million shares out so the S & P valuation is less than the companies cash on hand. Anyone see a problem here?
We hear this with every new IPhone release. No one knows so you have a 50/50 chance of being right. If the I 6 is coming next week as most think the assembly of components started in July or earlier so it is just as likely the bulge in sales that surprised everyone in the Q ended 7/31/14 came from Apple and the margins suggest we still have the cheap camera chip. Those sales could be continuing into Aug.
Russ explained that in his last article which was panned on this board. Apparently Credit Swiss gets their information by copying him.
A buy out offer of $29 followed by a blow out CC, and the share price lurks below the buy out. No one on Wall Street trusts this company and most savvy investors have abandoned it. No frenzied trading following either of these releases and no volume what so ever. The high tute ownership lets them jerk the price around with impunity. Management gets options with built in profits regularly , tutes earn from investment bank commissions, options income and managing the share price to meet their plays and the little retail chumps get screwed, leave and a new batch replaces them. That would be you.
The upgrade and the last three "news" articles on this Yahoo site are so shallow no large investor,much less the tutes would bother to consider. True, they are positive but pretty much a review of previous data. If you are an analyst and fail to understand why the Y over Y quarterly comparison of revenues and net income reflect outsize growth numbers you can't be taken seriously. And when these end when the year ago comparisons reflect the Elpedia acquisitions contribution some will think a disaster has occurred.
This is not rocket science. These people saying he is short or recommending shorting can google his articles under Russ Fisher. I have them all including his Intel pieces and can not find a short mention or recommendation. Just sayin if it's real date the article. He has turned cautious to negative on MU in recent months but so have most who have full pockets and don't want to give it back.
If you want to be fair read the article. There was no recommendation of shorting. He laid out the potential for the end of the Dram price run up if Sammie increases production. It was a negative MU article but he also suggested a hedge if you are holding large profits while recommending selling if you bought in at the recent top.. This was July 31. Perhaps you were thinking of an earlier article.
Very revealing that some of the self absorbed experts here don't know who Russ is or have discounted his recent post. Even more revealing is giving credibility to posters here and not willing to subscribe to SAs free downloads to your Email. His well balanced analysis of the Apple release could be an example of sharing knowledge and thorough DD missing in some SA amature analysts. I have made a lot of money by paying some attention to his views and while I think his current position is wrong,(as he admits it could be) he also points out what could be a massive win for MU.
So does that mean you sold at 32.13? If so I'll bet you bought back lower and once again made a handsome profit today. Join the cheet, girl and moc as constant winners. I'm signing up for their book.
If you had MU at 3 stop admiring the self appointed experts who claim to know T/A to Voodoo as they pile up the profits. This is not the place to get advice. You are doing better than any of these very fine talkers although there is some entertainment value here.
Apparently they did what many have done. Take some profits and reduce exposure since the run up in price still has this as an outsize position in his portfolio even after these sales. Good investors do that all the time. Does that mean the end for MU? I believe MUs run will end on some actual provable factual data which to date is not on the horizon.
Fourteen years ago it's IPO opened at $17. That is a sorry return for long term holders. If you made money you were lucky trading . That trying to pick a bottom or top in this company has wiped out many retail players . Good for you if you held from $2.81 or $10 or any of the many dips this has endured.
Hong is over 70 and has run this company like a banana republic dictator. Unless the current quarter is awful, management will fight this offer and they control the BOD. Other than a trading vehicle this company has always been a cash machine for management favorites and a terrible long term hold. It will not matter. Even if this strange offer is withdrawn as part of some larger strategy the company is in play and with book value nearly $18 and a library of valuable patents to back their rising penetration of multiple markets this will look more like a $36 when the dust settles. It might be a buy at 28.
His MU is now the largest position in the fund due to price increases. He made an appropriate move to take some profits but still holds 1.3 billion ( that's a B). Dollars in MU stock. That is not a lack of conviction.
From Dram ex. Totally a bad choice to try and push the already low pps down. MU CEO said just four days ago Dram prices looked firm into 2015. We are still in buying territory below 32.
That the reason MU's Y/Y growth largely comes from an accounting quirk? After purchasing Elpedia they did not have to combine the pre-purchase Elpedia revenue numbers in their comparative financials? Anyone an expert on this?