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Micron Technology, Inc. Message Board

tony10425 27 posts  |  Last Activity: 55 minutes ago Member since: May 7, 2012
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  • Reply to

    From Barron's

    by jcjky 14 hours ago
    tony10425 tony10425 55 minutes ago Flag

    Barron's is not providing any new information. MU is undervalued trading less than 10 times 2015 earnings.

    Sentiment: Buy

  • tony10425 tony10425 Dec 21, 2014 12:53 AM Flag

    The biggest obstacle flash storage has to overcome is its cost and I think it will take a some time to get over that hurdle but the storage industry is so big both HDD and SSD will be used. The best thing about MU it's now a Memory and Storage company & truly diversifying. MU never had a revenue stream from selling Storage devices. To me MU is selling at a discount since SSD business is booming along with Mobile DRAM but MU is only priced at less than 10 PE using earnings of $3.72 for 2015 (yahoo estimate). No matter, eventually market will drive MU price higher as there are too many positives.

    Sentiment: Buy

  • Summit Research Partners reiterated its Buy rating and $50 price target. "MU's forward P/E hovers around 8"

    Hopefully, MU should get close to 36 tomorrow.

    Sentiment: Buy

  • Reply to

    CFO Ron Foster retiring

    by oldstargazer Nov 18, 2014 9:01 AM
    tony10425 tony10425 Nov 18, 2014 7:46 PM Flag

    Glad Foster is leaving. The convertibles have cost MU hundreds of millions and share dilution.

    Sentiment: Buy

  • Reply to

    Einhorn Sells 25% of Stake in MU

    by cruisecontrol427 Nov 17, 2014 10:39 AM
    tony10425 tony10425 Nov 17, 2014 6:32 PM Flag

    Big deal, doesn't mean anything. Institutions are overall still buying MU.

    NORTHCOAST ASSET MANAGEMENT LLC bought 16,576,762 shares 985% increase in their position
    D. E. SHAW & CO., INC. bought 5,166,060 shares 45% increase in their position
    WADDELL & REED FINANCIAL INC bought 5,012,580 shares (34,950,280 total) 16.7% increase

    Institutions are buying & selling, there you have it - nonsense

    Sentiment: Buy

  • TrendForce:Global DRAM Industry Value Increases 11% in Third Quarter

    "Samsung, SK Hynix and Micron, the world’s top three global memory manufacturers, boosted production capacity in the third quarter to meet Apple’s immense demand for mobile memory as it launched the iPhone 6, according to DRAMeXchange, a division of the Taiwan-based market intelligence firm TrendForce. The reduction in commodity DRAM production caused contract prices to rise, and commodity memory products had the highest margins in the third quarter. As a result, DRAM industry value reached US$12 billion, an 11% increase over the second quarter and a new quarterly revenue record.

    As memory makers’ production ratios are well adjusted and they continue to increase next-generation output, their profitability is expected to see further improvement. Samsung leads with an operating margin of 42%, while SK Hynix is close behind at 40%. Micron, still using the 30nm process as its main technology, has a gross margin of 24.1%. However, given the DRAM oligopoly, profits are expected to remain stable and DRAM industry value is projected to reach US$47.1 billion for 2014. Although quarterly decline is forecast for average selling price in 2015, as bit output continues to increase, DRAM industry value is expected to do so as well. "

    Sentiment: Buy

  • Reply to

    MU $4B CapEx Including DRAM Japan Plant

    by frankly_buying Nov 10, 2014 10:43 PM
    tony10425 tony10425 Nov 11, 2014 9:06 AM Flag

    The Hiroshima plant makes mobile DRAM and sells almost all of their chips to Apple and Apple phones are in big demand. Samsung will not lower prices on DRAM & give Apple cheap chips. Samsung already tried that strategy & it didn't help Samsung. Last Samsung's earning Report, Samsung made bigger profits with Semi business than phones. MU has to shrink to 20 nanometer to be competitive with Samsung which in turn will mean more profits.

    Sentiment: Buy

  • Reply to

    QCOM

    by nncy_drk Nov 5, 2014 4:08 PM
    tony10425 tony10425 Nov 5, 2014 9:01 PM Flag

    Has to do with China not wanting to pay licensing fees to Qualcom.

    Sentiment: Buy

  • Reply to

    Get Ready for $40 guys!!!

    by srini_108 Oct 31, 2014 2:27 PM
    tony10425 tony10425 Nov 2, 2014 9:51 PM Flag

    I think MU will hit $38 in December

    Sentiment: Buy

  • Reply to

    stockgirrl what happen to our prediction?

    by ccchris26 Oct 28, 2014 5:29 PM
    tony10425 tony10425 Oct 31, 2014 3:15 PM Flag

    Stocksgirrl, can you at least give me some credit. I said MU wasn't going to $29 or $28 or $26 ( went down to $30.94) but bouncing up higher from the low of $27.03 and MU is now close to $33 . I think it's going to $34 next week.

    Sentiment: Buy

  • Reply to

    MU Friday closing price guesses

    by ccchris26 Oct 31, 2014 1:39 AM
    tony10425 tony10425 Oct 31, 2014 8:49 AM Flag

    33.5 is about right

    Sentiment: Buy

  • Reply to

    stockgirrl what happen to our prediction?

    by ccchris26 Oct 28, 2014 5:29 PM
    tony10425 tony10425 Oct 29, 2014 10:34 PM Flag

    stocksgirrl- Of course MU can go down into $29.xx and even go down to $28.50 as MU is very volatile stock however right now I don't see it going back down but see MU bouncing up higher from the closing low of $27.03 on 10-13-14.

    Sentiment: Buy

  • Reply to

    stockgirrl what happen to our prediction?

    by ccchris26 Oct 28, 2014 5:29 PM
    tony10425 tony10425 Oct 28, 2014 8:47 PM Flag

    I don't see MU going back down to 26-28 not after Buyback news.

    Sentiment: Buy

  • Reply to

    To set the record straight,

    by cheetah779920 Oct 27, 2014 5:11 PM
    tony10425 tony10425 Oct 28, 2014 8:39 PM Flag

    This has already started. In 2013 institutional ownership was about 90% and has risen to 97% - 98 %. MU rose about 480% from Jan 2013 up to today. From Jan 2014 MU is up about 55%. I'm guessing MU will be $38 - 40 by Dec 31, 2014. Institutions are driving the price higher since they are willing to pay more for the stock because they think MU is going higher (and they are pumping MU on TV, reports, etc for it to higher to make $$$) but that could change on a dime if they hear about any bad news. (even if the news has no merit, like Microchip). MU is very volatile and is driven up or down by institutions and definitely not by retail investors. We are just holding on and Riding the Bull higher, I hope. Institutions do not make it easy for us to hold on that is for sure.

    Sentiment: Buy

  • Reply to

    To set the record straight,

    by cheetah779920 Oct 27, 2014 5:11 PM
    tony10425 tony10425 Oct 27, 2014 6:32 PM Flag

    As you are aware, there are over 1 Billion shares and with over 97% institutional ownership is fantastic news not bad news. MU is in great demand by institutions and they will drive the price higher. First of all MU trades about 26 Million shares a day on average and many days over 30 Million shares which is about $800 million to over $1 Billion a day. As you know, this is not from retail investors. Institutions have purchased most of the retails shares out there and they are now ready to drive the stock price higher by buying and selling to each other. They will offer to purchase MU at a higher price and drive the stock higher. Of course with high institutional ownership, comes very high volatility.

    Sentiment: Buy

  • Reply to

    This stock will trade 25 before it trades 31

    by bruno3047 Oct 16, 2014 3:27 PM
    tony10425 tony10425 Oct 18, 2014 8:12 AM Flag

    Looking for MU to hit 31 next week

    Sentiment: Buy

  • tony10425 tony10425 Oct 18, 2014 7:42 AM Flag

    Samsung derived 50% of their profits from the semi business which they sell to Apple. Why would they drop prices and sell cheap products to Apple, their major mobile phone competitor. No, Samsung will not do Apple any favors by oversupply the market and lowing prices for DRAM or NAND.

    Sentiment: Buy

  • Reply to

    Manipulation

    by tony10425 Oct 15, 2014 12:04 AM
    tony10425 tony10425 Oct 16, 2014 10:49 PM Flag

    Fundamentals always matter, obviously you have not been in the market that long. You better know what you are buying. I have been trading MU since 1999 and have always made money. Recently big money since I owned it at 9. Micron today is 1000% better company with diversified products including a whole new business line namely SSD storage business. Micron is not only a memory company but a Storage company that is booming and MU has a big advantage as 1 of the 4 NAND manufacturers in the world including a Joint Venture with Intel the biggest semiconductor manufacture in the world. The DRAM business now has only 3 major manufactures that control 90% the market. Micron is the 4th largest semiconductor manufacture in the world. The fundamentals & growth potential for MU are fantastic. If you understood the fundamentals, MU is grossly undervalued. Samsung derived 50% of their profits from the semi business which they sell to Apple. Why would they drop prices and sell cheap products to Apple, their major mobile phone competitor. No, Samsung will not do Apple any favors.

    Sentiment: Buy

  • tony10425 by tony10425 Oct 15, 2014 12:04 AM Flag

    Intel & Micron made about $71 Billion in revenues the past year, real bellwethers. Both beat earning estimates and raised next quarter revenues.

    Microchip made less than $2 Billion in revenues. Because they had a bad quarter there is a sell off in Semi's? Total BS.

  • only trailing Intel, Samsung and Qualcomm but Micron gets no respect.

    DRAM - Micron has no U.S. competition - only Samsung & Hynix
    NAND - Competition - Samsung, Hynix, Toshiba\ SanDisk & have a Joint Venture agreement with Intel

    Microchip Technology ?? Nothing to do with DRAM or NAND

    Sentiment: Buy

MU
35.00+0.09(+0.26%)Dec 26 4:00 PMEST

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