Also, there was a slide on the converts but I didn't hear Mgmt or the Q&Q analysts say a thing about it!!!!
Good to see we're up and not down...
Now see, cheetah can give n take, he can be nice, ha. I think you're still holding some MU long. If so, congrads to you too! kg
MU Mgmt has had plenty of negative news/expectations to digest before this CC. In lieu, let's hope they've prepared something positive, some surprise to counter this. If nothing else, at least clean up their scrooge behavior handling qtrly cc's...
By Benzinga / By Jayson Derrick just now :
""With the stock trading at ~6.5x the low end of this range, we believe near-term downside to estimates is mostly priced in,""
copied this from an article yesterday. don't remember the source
"Analyst estimates are calling for $0.75 on revenue of $4.16 billion, compared to earnings of $0.85 on $4.11 billion the year prior. The outlook for the company is for $3.44 in EPS this year and $4.03 for 2016, with full-year revenue of $17.69 billion for this year and $19.31 billion for next year."
Yeah, I just looked at my semi stocks perf link and most are down today as well. Surprising though that Sandisk is actually up 2% today!?
I'm in a quandry as I write. Half of my gut's telling me to hold. Half telling me to sell before the conf call. Have my Fidelity limit order ready to hit enter at 27.10. I've read everything I can get my hands on and it all points to negative this qtr and into 3Q as well. No longer have a long term time horizon to wait it out.
But something tells me something is up MU's sleeve today. Very odd how it's holding around 27 before the call with such low expectation by the street. Something's kept this thing buoyant.
wish it were true, hope it is, but we know it ain't. Hate to say it but think we'll be lucky to hold 26 - 27. kg
Ha, very good point! But the way it's looking the Fed might not even hike the rate this year...
Good astro, you caught this! After I posted I realized something wasn't right on cruise's Qtrs. But actually Q3 CC should be in June and Q4 CC in Sept. Remember MU's Fiscal year ends in Aug. We're due to report 2Q CC tomorrow Apr 1st.
If you look at Yahoo's 'Analyst Estimates' link for MU it shows 2Q ending Feb 15, 3Q ending May 15 and Fiscal Year Aug 15.
Here's what the SA writer William Tidwell has just said about MU:
"Stay away for the next three months and check in again for the Q3 earnings concall in June. "
Hope this helps everyone with MU's Qtrs. It's confusing because of the early Aug Fiscal year.
Tidwell answers my main question: when will MU investors be coming back to MU? A = 3Q Conference Call going forward.
Kg2931 (Long & Strong 2K shrs MU @ $24.92 held for better of worse since 3/5/14)