Micron's Valuation Upside
"MU still offers an attractive setup because, despite the huge run to ~$500, it trades around 8x forward earnings versus a semiconductor complex near ~30x—suggesting the valuation has not fully caught up with the earnings surge and leaving room for the next leg higher."
"MU screens poorly on his assumptions (all signals red with fair-value ranges below the current price), implying limited upside at the prevailing valuation."