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Technology Stocks : Semi Equipment Analysis

SOXX 297.50

-2.6%

Nov 6 4:00 PM EST

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To: Return to Sender who wrote (93524)	12/19/2024 1:55:10 PM
From: Elroy	Read Replies (1) of 95383

I don't have a lot of numbers on MU, but my understanding is that in cyclical dips it used to go EPS negative for extended periods of time. It's nowhere near that now. It's forecasting a Feb 2025 quarter with about $6.00 EPS per year annual run rate. Maybe sales and EPS are going to decline sequentially for the next five quarters in a row, but ...... no one is forecasting that. MU is saying Feb 2025 is a blip, and they think they're back to the races after that. So.....while MU may have traded below book back when it incurred annual losses, it doesn't make much sense to trade below book now, when it's (probably) going to be highly profitable for quite a while. DRAM only has three surviving makers. It should be a nice business. HBM is high growth go go gophers. NAND stinks, and has six or seven global makers, so it may still be in the boom - bust trend of previous years, but I think it's only about 25% of MU's business now, but this segment is the weak one.

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