@Keith
"
numbers look ok to me relative to expectations
"
Estimates were -36C, final result = -41c without the one
timer. Not that nice. Its funny too, how people seem
to recognize numbers - when SPSN shows -41c, its bad, if
others do it, its Ok.
"
Their cash position looks pretty comfortable
"
Yes, MU looks relativly save these days, but look deeper.
Cash 180mio. down in 1 quarter, receiv. down 170mio. in one
quarter and debt up 220mio. -> thats alone 570Mio. -> not
that nice when you ask me. Book value = 6,7B => price/book
now at 0,73x - thats around 2,5x above SPSN level.
I expect a loss in Q2 at least in the same region without
the one-timer, which means again -300mio. After this, prices
will heavily (of course) influence future numbers, I don't
want to predict anything.
BUGGI |
