Micron Only Forum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum

MU 241.14

-6.7%

Dec 12 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: johnlea who wrote (27951)	2/7/1998 6:28:00 PM
From: Tim McCormick	Read Replies (2) of 53903

can someone tell me why any analyst can be "extremely bullish" and put a "strong buy" recommendation on a stock that has a fy99 p/e double its future growth rate? johnlea, Micron needs to borrow $500,000,000.00. Goldman Sachs is probably going to be the lead underwriter. Also, Goldman was the underwriter for their last offering. This means GS placed a bunch of Conv. Debs. in their institutional accounts that are under water. I am sure customers are crying. Abby is just trying to help them out. Or, customers made GS bid on the crap bonds, and GS trading desk needed to get them off the books. Anyway, there is plenty of crap to spread around and more crap to come. All with nice underwriting fees attached. On another subject, Ever notice how MU values their inventory at the average market price for the quarter? And not the quarter end value? I look for these guys to change their accounting procedure to using quarter end value the first time it is higher than the average. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next