Micron Electronics (MUEI) Message Board

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Technology Stocks : Micron Electronics (MUEI)

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To: Jimbo Cobb who wrote (4065)	12/7/2000 8:00:49 AM
From: DanZ	Read Replies (1) of 4074

As of the last balance sheet, Micron Electronics had $3.37 in cash and no debt. Even though earnings this quarter will only be 1 to 4 cents per share according to the company, they will still have positive cash flow and cash should remain about the same. Viable businesses don't often trade at the value of their net cash. I never dreamed that MUEI could get to this level even in a terrible bear market for technology stocks and PC stocks in particular. They may lose money next quarter, but I don't think it's bad enough to justify the stock trading at the value of its net cash. Assuming that the financial statements accurately reflect the company's position, this stock is a huge bargain. There's no doubt that panic, margin calls, overall market conditions, fear of recession, etc, have contributed to MUEI's decline. I am confident that this company will survive and that its stock price will be a big winner from here. Market's aren't rational in the short term. It's happening all over the place, and those with cool heads and money will be the big winners.

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