Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 224.54

+0.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Carl R. who wrote (46722)	6/24/1999 1:27:00 PM
From: Knighty Tin	Read Replies (1) of 53903

Carl, We just have to agree to disagree on this one. Lots of cos. are still in business that have been every bit as lousy as MU. AMD comes to mind right away. But that does not mean that you should overpay for a negative growth situation. BTW, there is very little in the way of stale estimates in the investment business. People who follow the co. update their estimates regularly. That is what they are paid seven figure salaries to do. True, every once in a while you will have an analyst leave a firm and his old estimate fall into the pile. But the fact that the estimates and the results dropped like a rock while the stock went up in price don't jive. The last estimate I saw on Mu was ABN AMRO's silly 2 cents for last quarter. That they could still think this firm would make money shows how lazy the analyst was and how much MU can snow them. But, good luck to you. If there weren't so many bulls on Mu, there would be no profits for put buyers to make. <g>

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next