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Technology Stocks : Semi Equipment Analysis
SOXX 299.67+1.5%Nov 12 4:00 PM EST
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To: Return to Sender who wrote (89041)9/26/2022 10:48:30 AM
From: Elroy  Read Replies (1) of 95406
 
Bryson wrote in a note to clients. "Specifically, MU has typically bottomed around book value with MU trading just ~10% above book value today."


Hmmm, that sounds like a persuasive trough valuation argument.


However.

If MU is going to post years and years of negative income (in other words, losses), wouldn't book value decline, thereby lower the trough price target? Yeah, I think so.


I don't know if MU is going to go EPS negative in the near future, but that would be my counter argument.
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