{"id":1422,"date":"2013-03-19T21:22:22","date_gmt":"2013-03-19T21:22:22","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=1422"},"modified":"2013-03-19T21:22:22","modified_gmt":"2013-03-19T21:22:22","slug":"chart-of-the-day-31913-micron-technology-mu","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=1422","title":{"rendered":"Chart of the Day (3\/19\/13): Micron Technology (MU)"},"content":{"rendered":"<figure id=\"attachment_1423\" aria-describedby=\"caption-attachment-1423\" style=\"width: 550px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/03\/micron-031913.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-1423\" alt=\"Click to Enlarge\" src=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/03\/micron-031913-1024x514.png\" width=\"550\" height=\"276\" srcset=\"https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/03\/micron-031913-1024x514.png 1024w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/03\/micron-031913-300x150.png 300w, https:\/\/fundamentalis.com\/wp-content\/uploads\/2013\/03\/micron-031913.png 1907w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><figcaption id=\"caption-attachment-1423\" class=\"wp-caption-text\">Click to Enlarge<\/figcaption><\/figure>\n<p>We thought Micron would report Monday night, March 18th, per the ThomsonReuters data, but in fact MU reports Thursday night, March 21st after the close.<\/p>\n<p>We havent owned the stock in years.\u00a0\u00a0Analyst consensus is looking for a loss of $0.20 per share on $1.9 billion in revenues, Thursday night. The earnings per share (EPS) estimates look horrid for the fiscal year-end August, 2013, but the revisions are starting to turn positive. The fiscal 2014 estimate is looking for $0.64 per share on $8.4 billion.<\/p>\n<p>There is apparently\u00a0what looks to be sustained strength in DRAM pricing, which is unusual given that DRAM&#8217;s have always been associated with PC activity.<\/p>\n<p>What caught our eye from the attached chart is the improving base, and what looks to be accumulation occurring in the stock.<\/p>\n<p>In the 1990&#8217;s, as the attached chart shows, the stock rose from $1 to $100 in a\u00a0period of about 9 years. I dont expect that to happen again, but MU is a leveraged play on DRAM prices. Stranger things have happened. A trade abvove $20 would be crucial, but just a trade from its current price to $20 would be a nice pop.<\/p>\n<p>Micron is like an airline &#8211; the capex for the business often exceeds profitability for a very long time. Know what you own.<\/p>\n<p>(None, yet)<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We thought Micron would report Monday night, March 18th, per the ThomsonReuters data, but in fact MU reports Thursday night,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[46,1],"tags":[],"class_list":["post-1422","post","type-post","status-publish","format-standard","hentry","category-mu","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1422"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1422\/revisions"}],"predecessor-version":[{"id":1442,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/1422\/revisions\/1442"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}