I would tend to agree. Apple had a major issue with Samsung a short while ago regarding phone competitiveness. Although I agree that Apple doesn't want to lessen it's chip supplier flexibility, I would hope that Apple would consider Micron less of a threat and a good US reliable partner. bslindholm makes a good point too in that the demand supply balance just gets tighter, playing into Micron's forward guidance getting stronger. Have a great day Cheetah.
yes. It will be interesting to see if the Oct Apple launch of the new IPAD Air will have Elpida in it, 2 gb. If so, this could be a real nice catalyst.
Read both those articles also. Interesting how in the article it stated that the forward guidance is now more important for the stock price than the actual reported eps. Yet, Crammer who last week back-tracked and said the supply issue is now not an issue, that demand is strong, and Micron is in a sweet spot, now states thru the Street that Micron should be sold as it approaches $34.85. Yet this is contradictory because Micron gave increased forward guidance which his own article says is more important for the stock price going forward. Again, Crammer is Crammer, not to be followed but just used as an entertainment clown.
Regarding Barrons, they have lost a lot of reporting credibility because of erroneous past reporting. To say Micron will explode by 50% soon ( what to $50 ), is getting ahead of the curve right now, maybe within a half year or so, but not soon, which I inferred to be before year end. We might be pleasantly surprised but first let's get to $40.
So, both articles like you said may cancel each other out but more from a standpoint of weak current logic. JMHO. Have a nice weekend.
lol Cheetah. I would never have the you know what, to eat anyone's underwear. lol, Too funny.
Hey Cheetah, look at my post below. Do you know of any stock with as strong as overall financial ratios as micron? I have done a parameters search of all stocks on all exchanges and after careful due diligence, can't find any with the overall strength. Actually, anyone who reads this, if you have any stock that you feel deserves consideration for better overall strength than Micron right now, feel free to contribute. I hope this is the type of post we should be doing with each other to help each other, versus some of the other posts on this board recently.
Have a nice day. Dream
IMHO the next time Micron's stock price moves to $34.85 it will be the third time and IMHO it will take it out with volume. With the forward guidance and the fact that it is very hard to find another stock with all the positive financial ratios that Micron sports ( BTW, anyone on this board who knows of a stock with better overall financial ratios, please post ), unless their is a catastrophic financial event, I wouldn't bet against this stock moving higher from here. Yes, one could trade it on it's gyrations, but it is on so many high frequency radar screens, it is tough to define when and where on the short term basis. My prediction is that it heads to $38 to $40 between now and eoy. That's a nice return and almost impossible to find anywhere else. Again, JMHO. Have a nice day to you all, and Micron too, lol.
If you have done all your due diligence and you feel Micron will a lot higher than it is now over time, then IMHO don't try and time the market or stock. Depends on your time horizon. Maybe it falls back, maybe it goes higher, but the trend is your friend. If you are day trader like some on this board, then it does make sense to analyze the TA, and other indicators, and some luck to time the right entry and exit point. The rest is up to you.
I think a fair number of traders who may be new to the game watch CNBC, and they are the ones that may be most susceptible to thinking he does his homework and knows what he is talking about. It makes one wonder what things CNBC talks about have merit and what doesn't. I wonder what position, if any, he has in Micron right now. The way he talked a week or so ago, one would think he shorted it, so if he did, I wonder if he got slammed Friday. People might give him a bit more credit if he just came out and said he was wrong about the direction for Micron, he was wrong about over supply concerns, he was wrong about new capacity coming online, he was wrong about DRAM pricing, etc. Have a great day.
He just said that Micron is doing everything right, that there is NO new capacity coming on, that NAND pricing and DRAM is in good shape, that Micron is doing everything right. OMG, why doesn't he say he blew it the last month when he recommended Micron as a sell. This is so wrong, whoever listened to him a month ago is out of the stock now and probably saying what the heck. Unbelievable donkey he is, no credibility, after the fact reporter.
Last night's ER basically stated that next quarter will beat the current consensus. Anyone selling at even the pre market will leave profits on the table 3 months from now. I don't know how much clearer it can be that Micron is heading higher and will soon take out it's old high. This is not pumping. The eps for 2015 will get revised up based on the ER. That means even if a ridiculously low 10 p/e, MU will head towards $40 versus towards $30. So, I say to those selling MU at these levels, don't whine when you realize later how much more you could have made. JMHO. Now let's see if institutions are now more believers and let them talk with their buys.
depends on the markets, maybe $34 , but it would be a shocker for your number by the close tomorrow. You would be better to bet on a Las Vegas bet, lol. Good luck to all tomorrow. Me too, lol.
I heard that too, that beats the guidance that was for 4.36 B by between 2 and 8%, that increases the eps estimates and may increase the 2015 year end estimates. This should increase upgrades and updates. Also, they have a lot of free cash flow that only improves their balance sheet. Micron is financially strong and getting stronger.
If the markets bounce back tomorrow, this may help the stock price further.
Good results and good conf call. Uptrend should stay in tact. A new high should be reached soon, not predicting when as it all depends on the market direction in the short term.
I hope that this happens, it would sure make things interesting. Just a hunch, that's all, no insider info or anything.
Reverse, a lower p/e than the average for the industry or sector means that the stock has room to run up in price to meet the average. The lower the p/e for MU, the more compelling it is to buy it as it displays low risk and high reward at that point in time. Of course one needs to look at other indicators, but the p/e is a valuable one. Hope that helps.
Now I don't quite understand why Yahoo finance would show on their page the current p/e as 10.63 as if Micron already reported eps today of approx .81. They are not supposed to change the p/e until after a company reports, and maybe someone made an error in reporting this drop today in anticipation. Maybe they will correct it back today.
In any event Yahoo finance has it correct in that the current p/e will drop like a rock from upper $12 to mid $10. The forward p/e given the current estimate for next year will be in the low to mid $9 range unless Micron's stock price soars, then the forward p/e will rise accordingly.
I don't think it needs explanation why this is important about a company's p/e ratio.
Good luck today to all no matter what your position.
Yes, that $12 has been there for quite a while. About 2 months ago I sent an email to Thompson Financial mentioning that they had a very inaccurate target included in their average and that if they were doing their due diligence they should remove that ridiculous $12 target price by that analyst. At that time Micron was around $34. Do you think they care or even read my email, probably not, so it stays there skewing, as you say, what the real number should be.
Interesting point cheetah. You are probably correct in that either direction their guess is as good as ours. However, there are many traders who follow tid bits like analysts ratings and if enough of them pile on maybe it can cause a short term stock direction, who knows. In any event it is probably the lemmings theory. Have a nice day. Maybe Micron will start some sort of rise tomorrow into Thursday, let's see.
Yahoo finance website shows MU anticipated 1 year mean target which is made up of the average of 28 brokers now standing at just under $39. A short while ago it was in the low to mid $38 range. So, the only thing that hasn't really complied as of yet is the actual stock price. Now granted, analysts are called that for the very reason of the first 4 letters in the word, but either almost all will have some explaining to do to their investors if the mean average doesn't pan out, or from an investment ( not trading ) standpoint, anyone selling at these prices is a huge fool. $31 and change for a forward p/e now under 9, and free cash flow growing, a peg ratio very low, etc. etc, etc., is hard to find another stock investment with those parameters.