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Technology Stocks : Micron Only Forum

MU 224.54

+0.3%

Nov 25 3:59 PM EST

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To: Skeeter Bug who wrote (25495)	12/16/1997 8:13:00 AM
From: valueminded	Read Replies (1) of 53903

Skeeter: Earlier post you mention that Micron year estimates to be revised down possibly below 0.50. Currently this year estimates (ends in August) are at 0.52 If this stock were valued using a classical value model Price = eps ( 2 R +8.5) * 4.4 / BondRate We would get (current 1st call at 0.52) and a growth rate of say 16% and a bond rate (corporate aa - 8%) About $11 to $12. If next years are expected to be in the $1.00 range than we would expect a fair price trading on 1999 earnings of about $21. Today should be interesting. My expectation is fair value in the mid to low teens until a stabilazation in dram pricing.

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