All the folks who work in micron...do you guys believe in company? P/E ratio is super low like 5 and has good YoY growth! @micron
Wallstreetbets is leaking
What about culture?
Sad to say that culture is not great. Mgmt by fear, treating employees unfairly. Processes and guidelines are modified to suit the objectives - eg. performance appraisals are used as a weapon to deny deserving employees of bonuses, raises and for reduction in workforce. They evade the gesture of severance as they frame the reason as performance. This also allows them to hide from the attention of Wall Street as they push a good picture of their business. If business is good or bad, respectable companies abstain from such practices.
The Bullshit Micron plays with their financials is sickening.
Any thoughts on this earnings?
Good long term investment but those nasty cycles will continue. Buy the dip and you will be happy. See the price now! Above 93. All the trends AI, XR, 5G, autonomous vehicles point to only one thing. More and more memory.
And that dip just keeps on dipping. How many dips did you bought til now? 😂
Worked at Micron for a bit. It’s a good company, working on cool stuff. They have a ton of money right now, but the industry goes in massive cycles.