Analysts are hired hands who may or may not promote a stock for whatever reason. Tepper (a very smart guy), voted with his and his clients money by loading up on MU per the quarterly filing. A huge vote of confidence.
typical offers are book plus 30% - and that is considered conservative (I agree pie-in-the- sky here). Just saying.
This assumes they have truly turned the corner. I base this on likely earnings and current book value (since it's a quasi-financial).
This might be the best value now among domestic financials/insurers.
The fact that management even approached going private proves the value here. I guess they figure that all the bad news is in and now would be the last time to get the company on the cheap.
I agree I think that the metrics here are much worse than satellite ever was. Also much more room here for real competition.