That's not a bar but a Joke. MU is worth a lot more than $21. They own 6.5 -300mm wafer fabrication facilities not including the new NAND Singapore facility under construction. Those facilities alone cost $5 to construct. Let the Chinese build they own facilities costing $32.5 Billion. In Yahoo, MU has a book Value of $11.58 however Property Plant and Equipment is only listed at $8.7 Billion. Something doesn't add up. Even if you take 50% of the real replacement value Property should be $16 Billion not $8.7. Essentially MU is trading at Book value right now $11.58 plus at least $8 Billion more = approx. $19 a share. With NAND , Server DRAM, Mobile DRAM, SSDs, DRAM & NAND for autos all growing. PLUS $2.5 - $3.0 in profits this year & next year. The Chinese want to steal the company not buy it. MU has never been in better shape in its history.
Agreed. MU owns 6.5 fabrication facilities. Let the Chinese built their own $5 billion plants and pay for research and licenses. Plus where is the additional value for the $3 billion profit memory business???