wadegarret and cliffvb et al.: MU
(No I am not the Ukraine-gate whistleblower even though I used "et al." To get the joke, you have to read what Trump's lawyer said about the whistleblower's letter.)
Sold some $40 puts out to Oct. 25. Heard Cramer interview the CEO this a.m. (Sanjay Meh...…), who indicated the company has been buying stock when it hits the low $40's. Cramer asked if he shouldn't be in there now buying, but my interpretation is that Sanjay thinks the low $40's is the place to buy.
Sanjay said the supply/demand ratio is starting to favor his company. They are working off inventories, and, barring a recession or whatever next year, business should be good after Q1.
This is all my interpretation of what Sanjay said. For MU fans, it would be a VERY good idea to listen to the interview.
My take is that a buying opportunity for a LT hold is on the horizon.
Thoughts?
