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Technology Stocks : Micron Only Forum

MU 233.88

-3.4%

1:52 PM EST

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To: SlowThinker who wrote (41811)	1/1/1999 2:22:00 AM
From: Skeeter Bug	Read Replies (1) of 53903

>>Obviously I am long on MU because I buy in to what I believe is a compelling value proposition.<< value? mu? imho, you need to revisit what value is. rank speculation that you hope to pay off is more like it. that is, unless you define value as: 1. negative cash flow throughout the cycle. 2. debt going through the roof after the biggest boom time in history. 3. 2 years of tough times to insolvency. 4. increasing dilution 5. a high stock price with a n/a pe over the next 12 months as mu will be slightly above breakeven at best - in a commoditized business where the end user sales growth rate is slowing... that is incredibly price sensitive right now... maybe, maybe, somebody could claim value below $25. above $50? now way... not to a sensible person... value? NOT! ;-)

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