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JLS

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JLS

Re: JLS post# 3235

Tuesday, 10/16/2018 2:13:30 PM

Tuesday, October 16, 2018 2:13:30 PM

Post# of 3674
Micron's Buy-back rate,

$10 Billion.

Just read that it is being spent at a rate of $1.5B per quarter. That is not a very high rate considering the stock trades about 2-Billion shares per quarter. Divide the buy-back dollars per quarter by the share volume per quarter, and you get 75 Cents per share per quarter. That's 25-Cents per share per month. You can make a lot more than that by simply selling Calls against your shares.

At that rate per quarter it takes 7 quarters to spend that $10 Billion. That does not impress. Would be better to spend that money to buy other chip companies and diversify product lineup. Gets rid of being a memory-only company, and that would give it a higher PE ratio.

... and has an upcoming regular $1.5 billion stock purchase program each quarter ...


http://tinyurl.com/y9e4tqjm
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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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