Ha.Ha. LOL You took the lowest estimate (GS) and used the lowest PE (pulled out of thin air or your mind). Let's take a real pure commodity play that is way oversupplied and has gone down, Southern Copper (SCCO). It has a PE of 17.89. Even using GS lowest estimate of $1.70, which is wrong, MU would be valued at $30.43 if it carried the PE of a pure commodity play and I would argue that MU is not a commodity play. Even GS analyst said that MU will have over $1 Billion in free cash flow. Take a look at what multiple SCCO is trading to its free cash flow. MU is worth much more than it is trading at here.
This is a no-brainer here with RSI at 12.5. It is way, way oversold with max pain for tomorrow at 19, and monthly Jan 17 op ex max pain is 25. There is a huge chart gap to be filled. They'll pull this up to hurt as many option holders as possible. To see max pain do a search on position plays max pain calculator.
We can save countless lives, reduce the spread of disease and ensure a secure food supply even as we continue expanding clean energy,” said Kim Knowlton, senior scientist at the Natural Resources Defense Council, in a press release