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To: Sam who wrote (81143)9/18/2018 9:20:11 AM
From: deepsee  Read Replies (2) | Respond to of 95560
 
Just read in a SA article that companies are not allowed to buy back stock within 14 days of an earnings announcement and 2 days after. Anyone know if this is accurate? If so, MU really hasn't had much opportunity to purchase shares since Sept.1
TIA



To: Sam who wrote (81143)9/18/2018 11:39:42 AM
From: Donald Wennerstrom3 Recommendations

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bigchad
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Sam

  Read Replies (1) | Respond to of 95560
 
RBC Capital is also joining the Micron "good words" support today.

thefly.com

Micron may initiate buyback program, says RBC Capital

RBC Capital analyst Amit Daryanani kept his Outperform rating and $70 price target on Micron ahead of its Q4 earnings this week, saying the company should report "slightly above" the midpoint of its prior guidance.

The analyst also expects investors to focus on Micron's outlook for memory pricing in Q1, which he estimates to be down 11%-12% in NAND ASPs and low-to-mid single digit in DRAM ASPs. Daryanani adds that an update on the cost scale-down reflecting the lower price expectations could also be key toward sustaining Micron's gross margins.

The analyst further expects Micron to initiate a potentially "aggressive" buyback program given the current price levels.

Read more at:
thefly.com