Micron Only Forum Message Board

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Technology Stocks : Micron Only Forum

MU 210.62

-6.8%

1:19 PM EST

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To: BSGrinder who wrote (31488)	3/31/1998 1:29:00 PM
From: DavidG	Read Replies (1) of 53903

Kit, What does seem silly is the refusal of investors to seriously discount Micron's precarious position. Micron may indeed succeed despite this risky business environment, but their stock is priced as if success is a certainty. Well, the other possibility is that YOU are misinformed and your perception of being overvalued is incorrect. Just b/c the majority on this thread is bearish does not mean it is correct. Your silly bearish statements that.... Regarding book value, as pointed out earlier, assets that cannot be used to make a profit are not as valuable as their owners pretend. Micron's book value is largely an accounting fiction. ...is very biased and may not be viewed by all in the investment community. DavidG

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