{"id":999,"date":"2010-10-11T09:43:00","date_gmt":"2010-10-11T09:43:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/at-7-68-this-stock-could-double-up\/988\/"},"modified":"2010-10-11T09:43:00","modified_gmt":"2010-10-11T09:43:00","slug":"at-7-68-this-stock-could-double-up","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/at-7-68-this-stock-could-double-up\/999\/","title":{"rendered":"At $7.68, this stock could double up"},"content":{"rendered":"
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Looks like a safe play between $7.60 and $10.00 in the near future.<\/p>\n

Micron Technology<\/strong> (MU) makes semiconductors. Micron swung to a fiscal fourth-quarter profit of $342 million, or 32 cents a share, as revenue surged 91% to $2.5 billion. The operating margin turned positive. Micron’s stock sells for a trailing earnings multiple of 3.8, a forward earnings multiple of 6, a book value multiple of 0.9, a sales multiple of 0.8 and a cash flow multiple of 2.3 — 82%, 54%, 84%, 75% and 84% discounts to semiconductor industry averages. Of analysts following Micron, 14 rate its stock “buy”, nine rate it “hold” and just one ranks it “sell.”<\/p>\n

Bullish Scenario<\/em>: Raymond James Financial<\/strong> <\/em><\/a>forecasts that Micron’s stock will rise 138% to $18.<\/p>\n

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Source: TheStreet.com<\/p>\n

MU Industry: Semiconductor- Memory Chips<\/p>\n

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