How Much Lower Can Micron Go?
Micron is trading at 4x forward earnings, yet it keeps falling. Is there a floor to this?
Micron is down 30% from its ATHs, even after reporting blowout earnings.
Is this justified?
How much further can it fall before it becomes simply absurdly cheap?
Is there an earnings-based price floor that makes it almost impossible for Micron to go much lower?
Let’s go over it
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