Even without this new technology, MU's fundamentals are great with forward P/E about 8 and the debt not too bad when cash is considered. The stock has suffered with too many supplies. I should know better when I can get my 32 GB camera chip for $15! Peter Lynch scores one.
The institution investors could be wrong on this stock. I'm betting against them. Only time can tell who is right.
After accumulating more and more shares, MU becomes my heavy bet. Wait for two years and see how it works out. In the mean time, do not care about the poor performance of this stock (unless I want to go to a mental hospital) as I am swimming against the tide (the institution investors).
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