Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 298.01

-0.5%

Dec 15 4:00 PM EST

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To: Sam who wrote (78551)	1/14/2018 2:39:46 PM
From: Donald Wennerstrom	3 Recommendations Recommended By Return to Sender Sam The Ox Read Replies (3) of 95580

The chart you have shown ties in quite closely to the earnings actual and estimates profile at the present time. This profile is used over and over to promote the supposedly cyclical nature of Micron. However, that does not hold much "water" IMO when compared to many of the other semi stocks. They all have been "cyclical" at times in the past depending on the circumstances in their particular specialty area. For the 5 year period you have shown, MU has the best percentage gain compared to the other stocks selected. The gain could have been much more, but the negative earnings period in 2016 really hurt the performance. Now "bears" are using this 5 year history to claim MU is a very cyclical stock that is going to "roll over" soon so an investor should sell now and wait for the next bottom(which will surely come in their opinion). If the economic outlook continues to hold up, semi applications continue to proliferate, and the estimated earnings profile holds up as shown, MU should continue its upside price movement soon. The "bears" in this case will be denied the opportunity to buy back at the "bottom".

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