Key insights
- The post discusses Micron's (MU) recent performance and future prospects. The author is weighing whether to take profits given the stock's strong run and macro uncertainty. Key considerations include the low forward P/E, sold-out inventory, and potential for continued growth versus the cyclical nature of the semiconductor industry. The author is looking for insights on the stock's potential and sector cyclicality.
I'm fairly well versed at investing but wanted to hear others opinions on this particular stock . It's had a magnificent run over the past year and a half. My holding period just switched to long-term capital gains.
The P/E is 25 and forward P/E is 7.5. They are fully sold out for the year.
I'm trying to figure out whether I should take some profit or just let it run. With this Administration anything can happen on any day which makes me nervous but at the same time I feel like this stock could run until the end of the year and the cyclicality of semiconductors is not upon us at least for another year or so . Anyone with greater insights into this stock or semiconductor cyclicality want to chime in? Appreciate the insights.