No qualifying author-owned investment thesis was confirmed in this post.
The author provides a general educational argument about valuation metrics rather than a specific investment thesis or directional judgment on MU.
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I keep seeing endless posts about this stock and that stock that say “the P/E is 115x which is insane” or something along those lines and it drives me nuts. PEG is just taking the price to earnings and dividing it by the growth rate. You can do it easily on a calculator and it gives a better idea of the companies value compared to its future earnings as opposed to its previous. Wether that’s the right or the wrong way to judge a company is an argument I’m uninterested in having because the market is currently valuing companies based off future earnings and if that changes then I’ll change and you should too. Until then stop sayin things like “MU is insanely overvalued its at a P/E of (whatever it happens to be that day)” when it has a growth rate of 400% you sound dumb and it’s really starting to annoy me.