paper--
well, its kind of hard to know what the guy does unless someone wants to buy into his fund...provided he hasnt closed it. at any rate, he has done pretty well this year if for no other reason than that he holds some dell. if he held from the beginning of the year, and added when it fell sharply in may-june, he is doing really well.
the problem with cramer is that,IMHO, he is less a fund manager, and more a personality. i think he would go on 'good morning cleveland' if they asked. dont get me wrong...i like the guy. but, he is all about hearing his name and seeing fice face on TV.
i think i understand part of his thing with MU after reading the article...its a jingoistic thing about having an AMERICAN dram maker. trite, a little....but partiotic, you betcha!!!
of course, the best thing is that with all the problems overseas (that are NEVER going to effect the US...or MU<G>) the foreigners are destined to fail and MU will eat them alive. its total pap. they (MU) have costs down about as far as they can go on their current process...the competition has the same technology (regardless of what applejacks says), and is working to cut costs as agressively as MU.
all in all, the case for MU isnt that strong...and is in fact mostly wishful thinking for now. there is still plenty of time.
one thing...we give applejacks, et al., hell and we really shouldnt. if anything we should be appluading these guys...they have really gone to bat for their shareholders. that is commendable.
good luck to all,
trey
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