Replies to post #146849 on Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

anyone else on ameritrade streamer? lots of net change prices all wrong

[Public Heel]

Why at 70% discount to book?

Because their tangible book value is 95% PP&E, and all their PP&E is good for is cranking out money-losing products...

[Sinfonian]

You're right Zeev, it shouldn't, MU's in an uptrend and could touch 16 from here. I would be very suprised if it went back to the 9.5 range, let alone break.

As usual, I was just trying to annoy Cor, and I apologise for not sticking to the numbers and being more serious.

In our conversation over on the Fool, Cor gave a number of excellant and well thought reasons, with which I agreed, not to touch NVEC with a ten foot pole, ... so of course I got in anyway. :-) This was back when the Forbes piece ran, and Cor was concerned that the reccomendation was largely based on TA.

I told Cor it was all about sentiment, supply and demand, and TA is just as good a motivation (or better) to trade as news or fundamentals.

Artie

[jdaasoc]

Why should MU sell at 70% discount to book


Because they started to dump memory in the spot market.

 
 		DDR PC2100		 
 		Major		 
 	51226607	512MB DDR PC2100 64X4 Micron	64X4 16C	$71.00 
 	25626616	256MB DDR PC2100 16X16 Micron	16X16 8C	$37.50 
 	25626608	256MB DDR PC2100 32X4 Micron	32X4 16C	$33.00 
 	25633308	256MB DDR PC2700/333 16X16 Micron	16X16 8C	$38.00 
 	25633310	256MB DDR PC2700/333 32X4 Micron	32X4 16C	$34.00