Mar. 27 at 3:10 AM
$MU has a fwd p/e of 3.6 - cheaper than a lot of shipping stocks! Cheaper than even the worst cyclicals, let alone the cyclical that should trade at a premium. Even if you think memory isn't going to explode as much as analysts believe, it is still insanely cheap.
Cyclicals aren't great long-term investments, but they make great swing trades and 1 - 2 year trades.
$SNDK is also in a very similar situation while
$SIMO is a hidden memory gem still attractively priced.
I'm staying away from
$WDC and
$STX despite their growth potential because their valuations are rich for what is turning into a legacy type of hardware. HDD's days are numbered. Why their p/e is more than double SNDK's, let alone MU's, is astonishing.