### Comment:
Current price levels are rational if market thinks chip environment is degrading and profit levels are not sustainable. What’s MU worth if they’re losing money next year? 
  
 Well if they continue to post healthy profits the market sentiment will be wrong. We’ll just see who’s right here when the numbers come out.

### REPLY:
“What’s MU worth if they’re losing money next year?” 
  
 Exhibit A: $AMZN in the early 2000’s 
 Exhibit B: $TSLA 
  
 then again...username checks out, so what do i know? 
  
 (And your point isn’t lost on me, but this is just stupid silly at this point. Wish i had more cake so i could gladly give it to Sanjay...)

### END.