MSFT upgraded by Well Fargo at 17X and Micron (MU) downgraded trading at 7X. There has to be under the table cash going back and forth. Just a few months ago they did the same thing to MSFT. I guess its MU's turn. What a crock of #$%$!!!
I am new to this company...and was wondering if its in the same boat as SWIR. I mean are they a buy out candidate. I know buyouts are few and far between, but there are a few out there that should be gobbled up and GILT is one of them!!!
Should pretty much everything be down?...Earnings was great and they just told the truth about guidance which all will be slowing...Just look at the Retail numbers, and other reports...WE ARE IN A SLOWDOWN!!!
They are using all hidden $$$ but its harder and harder to find. Now they are using derivatives to back everyday transactions...right?...This is getting INSANE!!!!
It used to take 4 hours for the trucks of cash to show. Now its taking longer and longer. Eventually it will not be tolerated due to time restrictions and the market will crash. We are almost to that point!!!
There is no logic to its ups and downs...so its pretty much a lottery ticket also unless you bail as soon as you figure out there sham of the day!!!
This drop is due to the slow down issue, which most companies will not be able to get around, but there is no reason at all for MU not selling above 8X. Microsoft is trading at 17X. Its insane that MU is below $30, much less $26 and change. Microsoft would be in the 20's at 8X. They blew away earnings, yet its revenue was not what it was last year, but everyone with a brain knows we are slowing, so what do you hold a heavy 17x MSFT or VERY CHEAP Micron!!!
MU has plenty of $$$ for a dividend or buy something like a SWIR or GILT...Really anything that generates revenue even in this market!!!
I just sent a letter to Fred about our concerns. If he does not answer. I will use the chain of command. If that doesn't work...Maybe an audit is is order???