theprof00 said:
Yeah, there are some parts I need to update. I used to follow DRAM and MU both. I'm not so sure that they will be going anywhere though. I'll have to do some research. Also, my mistake, I had read 48.61 as the highest ms has been. I'll recitfy it. EDIT: Just looked at the MU. Wow. Wish I had held it. I once owned maybe 200 shares and ditched it after I saw it going nowhere. What's your case for it continuing to improve? Currently it looks like it's finishing a triangle formation, ie; lots of downward pressure but good support along the 26-28 intervals. So, shortly we should either see the break up or down. |
)
Well, first of all, there's little downside, because any potential piece of bad new, and then some is already priced into the share price (a forward P/E of goddamn 7.66). So it's low risk, although it's volatile.
Second of all, it's dropped a bit this year due to declining DRAM prices, but I see them increasing as the oligopoly of DRAM (Micron, SK Hynix, Samsung) calms down a bit. At the same time Micron is developping a new technology in NAND flash, in a joint venture with Intel, called stacked flash, which will give higher storage density, which will be very attractive for datacenters, and mobile too, because in a phone you want to squeeze in as much storage in as little space as possible, right?
Anyway, it's a stock with good upside, small downside, and when they eventually hit the point where the industry growth stops, and they announce a dividend, you should expect their P/E to skyrocket.
