Micron: The Time To Buy Is Now


  • Fiscal Q1 earnings were abysmal, and sentiment couldn’t be worse. History shows this is the time to buy.
  • Although short-term earnings are volatile, the pull-back in memory supply may slingshot memory prices in 2025 as the semiconductor market rebounds.
  • Micron is approaching tangible book value, but it may never reach this level. Buy some now and add to the position if these bargain basement prices are reached.

Return on investment

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One sub-sector that may be ripe for the picking is the semiconductor space which is going through its own recession, and that leads us to a discussion of Micron (NASDAQ:MU). Micron makes advanced memory

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Micron EPS Data (Micron Annual Reports)

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Micron Analyst EPS estimates (Seeking Alpha)

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Micron’s Average Selling Price by year (Micron Annual Reports)

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Micron’s Yearly EPS (Micron Annual Reports)

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Micron’s Quarterly Earnings History (Micron 10-Q SEC Filings)

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Micron 10 year Price chart (Author/MotiveWave )

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.

Additional disclosure: This article is for educational purposes only and it is not intended as investment advice. Please do your own diligence and if you are unsure whether an investment is right for you, please consult a licensed professional.

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