Micron: Looking For Signs Of A Bottom


  • Memory producers are cutting supply to help increase profits.
  • Historically, the time to buy memory stocks is when client inventories begin to normalize, DRAM/NAND price drops start to slow, and consensus 12-month EPS estimates stop coming down.
  • Catalysts include a memory upcycle, industry consolidation, and China restrictions on Micron’s competitors.

Micron headquarters in Silicon Valley

Sundry Photography

You wouldn’t know by looking at their latest quarterly report, but a deeper dive shows that now may be a time to consider Micron (NASDAQ:MU). As a cyclical stock, Micron is best bought when the industry appears to

Micron's EPS Estimates


Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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