We heard a rumor that at least two to three large chip companies approached Micron about a takeover.
Is the rumor true, we are trying to find out.
We can say this, after looking at the stocks / P/E's of lesser public companies, in the computer / technology industries and other industries, and then looking at the price of Micron, if the company is not purchased by Intel (INTC), Qualcomm (QCOM), Taiwan Semiconductor (TSM), Qorvo (QRVO), Microchip Technology (MCHP), Western Digital (WDC), Broadcom (AVGO) or someone else, it will be a miracle.
Look at Cracker Barrel (CBRL), trading at 19 x trailing 12 months, with a P/E of $9.00...STOCK PRICE = $172.00 (yes, we understand it's a restaurant - that doesn't change earnings for earnings or P/E for P/E)
So, even if Micron sales drop, and E.P.S drops to between $8.00 and $9.00, the stock should be trading upwards of $175..? No..? E.P.S is E.P.S right...?
Cracker Barrel has a market cap of only $4.2 Billion while Micron has a market cap of $41 Billion...
Look at MCHP, trading at $73.00 with a market cap of only $17 Billion... P/E....? 32 x trailing 12 months...? OMG!
Look at QRVO, trading at $63.50 with a market cap of only $7.7 Billion... P/E...? 460.33 x trailing 12 months...? OMG!
MICRON is one of a handful, if not the only UNDERVALUED STOCK ON THE STOCK EXCHANGE
Corrupt Analysts calling for more of a drop in the price of Micron could soon be kicking themselves in the teeth!
We will continue to keep adding Micron to our portfolio at these FIRE SALE PRICES!
IT'S REALLY DISGUSTING WHAT IS HAPPENING TO MICRON!
WALL STREET HAS MICRON ALL WRONG AND SOON, THEY WILL ALL BE JUMPING OFF BUILDINGS!
HAPPY THANKSGIVING TO ALL OUR FOLLOWERS!
Is the rumor true, we are trying to find out.
We can say this, after looking at the stocks / P/E's of lesser public companies, in the computer / technology industries and other industries, and then looking at the price of Micron, if the company is not purchased by Intel (INTC), Qualcomm (QCOM), Taiwan Semiconductor (TSM), Qorvo (QRVO), Microchip Technology (MCHP), Western Digital (WDC), Broadcom (AVGO) or someone else, it will be a miracle.
Look at Cracker Barrel (CBRL), trading at 19 x trailing 12 months, with a P/E of $9.00...STOCK PRICE = $172.00 (yes, we understand it's a restaurant - that doesn't change earnings for earnings or P/E for P/E)
So, even if Micron sales drop, and E.P.S drops to between $8.00 and $9.00, the stock should be trading upwards of $175..? No..? E.P.S is E.P.S right...?
Cracker Barrel has a market cap of only $4.2 Billion while Micron has a market cap of $41 Billion...
Look at MCHP, trading at $73.00 with a market cap of only $17 Billion... P/E....? 32 x trailing 12 months...? OMG!
Look at QRVO, trading at $63.50 with a market cap of only $7.7 Billion... P/E...? 460.33 x trailing 12 months...? OMG!
MICRON is one of a handful, if not the only UNDERVALUED STOCK ON THE STOCK EXCHANGE
Corrupt Analysts calling for more of a drop in the price of Micron could soon be kicking themselves in the teeth!
We will continue to keep adding Micron to our portfolio at these FIRE SALE PRICES!
IT'S REALLY DISGUSTING WHAT IS HAPPENING TO MICRON!
WALL STREET HAS MICRON ALL WRONG AND SOON, THEY WILL ALL BE JUMPING OFF BUILDINGS!
HAPPY THANKSGIVING TO ALL OUR FOLLOWERS!