Buy Micron

9 בדצמ׳ 2022

Today micron trade around P/B ~1x, if look back for over 10 years, P/B 1x is the Lowest Price for Micron

Why P/B ?
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• because of Micron is a cyclical business their product(DRAM, NAND) price are sensitive to demand and supply
  
• a lot of CAPEX have to put in business and its show up in PP&E so Book Value of company is real
  

Business

• Micron is in an oligopoly market with other 2 major competitors namely Samsung and SK Hynix
  
• Micron have market share around 25% for a long time and I think its gonna hold like this
  
• Demand for DRAM and NAND is still growing because every electronic device need memory, Phone, laptops, Data center, Autonomous car even AR/VR that Meta building.
  

So... now is a good opportunity to buy good company in 50% discount.

*A lot of super investors is buying as well*