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Technology Stocks : Micron Only Forum
MU 265.94+7.0%3:59 PM EST
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To: Bill F. who wrote (51786)9/13/2000 11:39:57 PM
From: Land_Lubber  Read Replies (1) of 53903
 
Bill, granted MU trades at a ridiculous multiple for a commodity dram maker, and granted the quarter MU is about to report, and the next couple, are generally acknowledged to represent approximately the peak of the current chip cycle. So in that sense MU "deserves" a lower valuation.

But given that the street has no problem accepting a high multiple for MU, and most people agree that Micron's Q4 numbers (at the end of the month) will beat expectations, a strong ramp into earnings seems like the "knee jerk" reaction to expect from Wall Street, and the rest of us have to trade accordingly.

Do you have any reason to doubt that MU will beat its numbers or that the ramp up to earnings won't happen this time?

Land_Lubber
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