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Post# of 648882
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HoosierHoagie

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HoosierHoagie

Re: EZ2 post# 539426

Monday, 04/21/2014 10:36:47 AM

Monday, April 21, 2014 10:36:47 AM

Post# of 648882
MU
Micron continues rally following bullish Drexel Hamilton note

Drexel Hamilton's Richard Whittington has upped his Micron (MU +3.1%) PT all the way to $50 from $30. He expects DRAM prices to keep rising this year and next thanks to a favorable supply/demand balance, and expects DRAM margins to eventually hit 50%.
Micron had a Feb. quarter gross margin (covers both DRAM and NAND flash sales) of 34%. Shares rallied on Thursday following SanDisk's Q1 beat and margin guidance hike, and are once more close to a 52-week high of $25.68.

"The best way to love a friend who’s going through hard times, is to simply be there, and to give the gift of presence."

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