PC sales are down, that's true. MU is moving away from low-end chips and into higher market products. It's developing chips for the mobile market and for servers, which remain in demand due to cloud computing. Micron's 2013 acquisition of Japan based rival Elpida has played out well, giving the company valuable economies of scale and a major share of mobile dram chips.The purchase boosted Micron's memory market share to No.2 in the world, even better, the company instantly gained a 50% boost in total memory capacity for about a third of the cost of building its own facilities around the globe and training new workers. The forward -looking PE ratio is near 7. Not bad
You have to give tasermac credit, he does his research. He must be pumping up to 500 PSI's. I think he's bet the farm on TASR. This is a crazy market. UVXY holders have made some good money on this setback. I expect earnings to be good. My only concern are the margins.