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Strategies & Market Trends : Take the Money and Run
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To: Jorj X Mckie who wrote (6464)6/27/2002 5:19:53 PM
From: Dave Gore  Read Replies (2) of 17639
 
Jorj, FWIW - Dan Niles was on CNBC earlier and spoke that MU was trading at half its book value. So he recommended it. Actually that's not what Yahoo says, so who knows? It's a mediocre and probably dishonest company in my mind, but the stock gets some Wall Street support, more than it should.

BTW- He didn't like Intel, so he's right there anyway. Price to sales for that company are still way too high, but it too will bounce back strong at some point, especially if business cycle buying comes back later this year.
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