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To: ratan lal who wrote (33274)5/13/1998 10:18:00 AM
From: yard_man  Respond to of 53903
 
Don't call me a forever bear. I'll be happy to buy a little when people mention a real danger of bankruptcy and the stock is trading at $6 later this year.



To: ratan lal who wrote (33274)5/13/1998 10:30:00 AM
From: TREND1  Read Replies (1) | Respond to of 53903
 
ratan
you wrote
<<Forever bears can only "look" at past earnings and a few
quarters ahead at most !

I have to disagree with you. Unless MU is a unique animal. everyone looks only at the next earnings report ONLY to decide what the stock price should be now.>>

ratan
The "big" money...FUNDS know about cycles.
(1) High cost to get into business
(2) One to two years to build
(3) Commodity...or another way of saying "must have things"
(4) Examples...wheat, corn, autos , dram
(5) Dram, autos, wheat , corn are must have things and will
not go away
(6) A good example is a wheat farmer...this years crop is bad
but he knows people "need'" wheat..so he plants again.
(7) If this farmer is the "lowest cost" producer in a "must need"
corp...HE WILL GET THE SEED MONEY
Larry Dudash
Just my opinion !