Savvy Trades and Investments

[cliffvb]

MU bbotc, I just make it my business to stay up to date on the MU as I have a bunch invested there. As I've said, my current target is $50, but that is always subject to change as additional info unfolds. It could also go much higher if investors get around to believing that we are not just a few Dram chips away from oversupply. I expect the tight supplies to persist through at least next year. With a current PE of under 5 there is little downside, IMO.

That stock issue doesn't really affect the value as it only amounts to a 2.4% increase in shares. Since a part of it will pay off debt, it will also save them some interest expense. I also believe they may well have a use for the rest of it that they are keeping quiet about for now. Perhaps buying a fab plant or something.