MUEI made something like .92 share last fiscal year. They have had a bad quarter due to pricing/inventory pressure.
Q1 was a wash. But unless there is a systemic problem, why wouldn't forward earnings be trending back up to the $1.00 level and beyond?
It's like all the wags on CNBC said about big daddy MU; who cares about .04, the issue is the future.
Sales are increasing 32.%, greater than secular growth, i.e. they're capturing market share; ad expenses and SG&A as %sales should trend down; product mix is expected to be richer with good server growth, component prices are dropping which will help if they've got their procurement practices reorganized, they're winning awards, etc.
So, at .4 price/sales (or thereabouts), growing market shares, strong balance sheet, great products, great support, possible buyout, I guess I think it's time to back up the truck.
I mean really, what's the deal?
Bought 5K today at 8 15/16 and prowling for more.
On the other hand, i could be wrong. :> |
