David:
As noted earlier, I prefer to avoid discussions of the specifics of my personal or recommended investment positions. It is best from my point of view to discuss the merits or specifics of the company itself, of its chart, etc. That said, on a "short" ranking scale of 1 to 10, I see MU as a comfortable and friendly 11, in the $25 to $30 range, given the current fundamentals. Not saying it won't or can't provide a bit of pain from time to time, nor that it might not go higher, but for me, they rarely come any better than this. Am I early? Perhaps, but I suspect not by much this time. The company traded at these prices a year ago with much better numbers and was still overvalued using traditional valuation measures.
Not used to having such esteemed companions as TK along for the ride. It makes me nervous. (g)
Best, Earlie |
