>>Skeets, on the other hand, has been bearish since MU was around $50+, today at $80 (30 points later,) he's singing the same tune.<<
naggs, you are new. i've been bearish since $20. since that time, mu has lost about $1,000,000,000 in free cash and taken on $1,500,000,000 in debt. they reported a profit one time for 12 measly cents.
i suspect, that even with all this great spot pricing news, mu still posts a loss this q making it 7 reported losses out of 8 qs or 8 reported losses out of 9 qs - i forget which.
i will be impressed when microns asp is $8. my bet is this q is around $6.25 or lower. if you sell 90% of your stuff at $6.00 (current contract asps) and 10% of your stuff at $10 (current spot), what is your asp? you can do the math, right?
there is no way to know the mix, however, mu's eps report will shed a lot of light on the issue. i suspect the number stink the house out - even with all this great spot news - and the guidance is absolutely grand.
it will be interesting to watch.
especially how a supply increase and a demand decrease lead to higher prices ;-) |
