At what price is $MU a buy again? $500? $1,000? $200? Trading at 5.7x forward earnings sounds cheap but is it really?
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10 Comments
Mason Nordli@mnordli22 · 1d
It’s “cheap” on paper but I still consider it what it will always be and that is a cyclical company that is in boom and bust sector You want to buy these companies when they are “expensive” and sell them when they are “cheap” I agree with what $AVGO ceo said today.. that the next bottle neck will be capital I guarantee that some of $MUs customers will not be able to pay back the money borrowed to buy storage and memory and by the time MU fully builds up production and capacity the cycle is finished and will repeat it self all over again.. anyone disagree?
Dany @danman · 1d
Do you want to scare people with prices of $200 or $500?
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