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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%Dec 5 4:00 PM EST

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To: FJB who wrote (61126)8/17/2013 11:08:50 PM
From: Return to Sender  Read Replies (3) of 95531
 
>Don, I know I am nitpicking but the SOXM data in your last post is sorted by future expectations for next year's P/E. MU is not profitable now and actually has had a long term high rate of cash burn so expectations have often been disappointing. I would not want anyone to think MU is profitable at this time.<

I want to apologize to Don for my previous nitpicking because I know how he does what he does and that he was referring to next year's expected P/E. I'm just not sure everyone knows it.

MU is not profitable at this time on a past looking annual P/E.

They did manage a small profit last quarter but that does not show up here instead you see they are still losing money as of the last reported quarter.

finance.yahoo.com

finance.yahoo.com

When the next quarter is reported the I expect the valuation picture to improve. Of course everyone does so when you look at the stock price you have to ask yourself how much is already baked in?

RtS
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