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Technology Stocks : Micron Only Forum

MU 226.65

-3.2%

Dec 4 3:59 PM EST

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To: Glen2 who wrote (48859)	10/2/1999 4:29:00 PM
From: Skeeter Bug	Read Replies (1) of 53903

glen, the #1 contributor to mu's stock price is the current credit bubble. the s&p credit ratio is 0.24. that means for every 100 companies that had their credit downgraded, 24 were upgraded. when this credit bubble bursts, mu stock price (and all the "nifty 50" stock prices, housing prices, demand and jobs) will collapse. look at the debt mu is carrying now. the "scenario" is based on mu management knowing that they will NEVER be able to pay off current debt with free cash flow, therefore, they have to dole it out in stock. i'm not convinced mu management is that smart to know they can't ever pay this debt off. they appear to believe the nonsense about hyper growth more than anybody (eg, building a billion $$$ fab at the top of the market).

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