Let's Make Some Money - Stock to Watch - Micron (MU) - Time to Get Out

in #stocks4 years ago

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I will be exiting my Micron position here as Micron looks to be topping as a Bearish Inverted Hammer is forming.

The volume is dropping off after two days of above average volume and the Stochastics is turning down.

Earnings is on 9/25.

StatValue
PE24.72
EPS0.71
Beta1.50
Gross Profit Margin29.03%
Net Profit Margin11.34%
Avg Volume23.50M
Shares Outstanding4.29B

Positives:

*Below Fair Value: MU ($50.51) is trading below our estimate of fair value ($159.2)

  • Significantly Below Fair Value: MU is trading below fair value by more than 20%.
  • Short Term Liabilities: MU's short term assets ($17.9B) exceed its short term liabilities ($6.2B).
  • Long Term Liabilities: MU's short term assets ($17.9B) exceed its long term liabilities ($7.9B).
  • High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Negatives

  • No dividend
  • High Growth Revenue: MU's revenue (15.2% per year) is forecast to grow slower than 20% per year.)

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