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Msg  13507 of 13517  at  5/5/2022 8:26:36 PM  by

sleepingdog


 In response to msg 13505 by  burghguy
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Re: MU quandary

 Interesting, as I am also heavy in energy, though I am not looking to
switch out.  Actually, everything I have done to diversify has failed.
 
Macro.  Completely skipping the buildup (the FED, interest rates, QT, 
etc)    I am at peak skepticism that the
powers that be have any idea what they are doing.  I'm not sure about
an actual extended recession as I imagine the FED may well whipsaw
back & forth between tightening and loosening.  Bottom line,
I am looking for a market crash, which may take a year or two to unfold.
 
You are right about that current p/e!  Attractive.
MU is in a very capital intensive industry with high fixed costs.  What is
going to happen when the orders underpinning current projections
get cancelled?  There is going to be a major drop in revs but especially
profits. I am old enough to have seen this before, several times.
 
I agree that MU is the nicest house in the neighborhood but do not agree
that medium term prospects are good enough for me to re-enter.
 


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