Micron Technology (MU)

[truetrue]

PPS trading at a 40-60% discount to FY '14 MU target PPS.

MU Trading today at a huge discount to market for "some reason". Were the margin call "renters" scared out finally today ?

If MU earns ~ $3.50 this FY (as projected) then it trades at a mere 6x's earnings...compare that to Sandisk or Samsung. Bizarre.

The 4.4.14. PPS boosts by institutions should be enough to bring in the investors, but not so far.

4/4/2014 Topeka Capital Markets Boost Price Target $27.00

4/4/2014 Needham & Company LLC Boost Price Target Buy $34.00 -> $40.00

4/4/2014 Piper Jaffray Initiated Coverage Overweight -> Overweight $30.00

4/4/2014 Jefferies Group Boost Price Target Buy $32.00

4/1/2014 Credit Suisse Reiterated Rating Outperform $30.00


This stock is a buy and hold ALL DAY LONG, IMO.