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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: Land_Lubber who wrote (42694)	2/3/1999 8:22:00 AM
From: Earlie	Read Replies (1) \| Respond to of 53903

LL: They usually don't, until the cash is gone, and the whining about the need to renegotiate commences. (g) Frequently one sees publicly traded companies where the public is trading the common paper at elevated prices when the math suggests that the actual assets of the company are, or will soon be, owned by the debt holders. (These are inevitably meals for the shorts at some point in time.) Is MU one of these? Not if one uses the assumptions and math of certain analysts. (g) Incidentally, when I'm wrong, I own up to it. Last year, this observer confidently predicted that MU would trade "in single digits by summer". It headed south for a while but then levitated. I'm a fundamentalist. That prediction was based on the belief that the earnings forecasts of the analytical herd were nutty and that the company would lose bushels of dough. I was right with respect to the earnings and wrong with respect to the more important stock price. As penance, I've committed myself to a week in which breafast will consist entirely of fried tulip bulbs. (g) Best, Earlie