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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: Market Wizard who wrote (2459)	9/18/1996 12:21:00 PM
From: Knighty Tin	of 53903

Wiz, It may go to book value, but book value is a moving number that is currently moving down. I think it goes below book value of $11 or so to about $6. After all, what is their plant really worth when it needs updating it is not getting and the industry is in a glut? It is like railroad book value. If nobody wants the tracks, it doesn't matter what you paid for it. MB

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