Memory markets, both DRAM and NAND flash, are very tight with prices having shot up this year, boosting Micron’s bottom line significantly. It’s surprising that these markets are growing in price, but hardly in volume and this should give some food for thought. As is to be expected, familiar cyclical forces are likely to exert […]
July 29th, 2017 · Comments Off on Is The Writing On The Wall For Micron?
July 9th, 2017 · Comments Off on A Micron Super Cycle? – Micron Technology Inc.
Micron once again beat estimates and raised expectations. At least for now, however, it wasn’t enough to start a new leg up. There are those that argue Micron is facing a super cycle in memory or, at the minimum, the cyclical nature is becoming more muted. We see some rationale in that view, but argue […]
April 6th, 2017 · Comments Off on The Essential Micron
Shares of Micron have been on a tear already since the lows of $9 early last year. But the company is on a run that is supported not only by favorable market conditions, but also by at least some more secular trends. We compare this run to previous ones and argue that the shares are […]
August 10th, 2016 · Comments Off on Micron: Epic Bull/Bear Fight
Bulls and bears diverge widely on Micron, especially on the prospects of consolidation in the industry. However, even if there is little consolidation and the present unfavorable market continues for some time, there are some positives. These positives are in company finances and valuation, and the likelihood that sooner or later the market will turn. […]