### Comment:
Micron is classic value trap.  They look like a good deal and they are due to low valuation.  However, semis are in a fundamental decline due to the end of Moore's law and there is no way out of that.  Semis will become a slower growth industry from now on and that super low valuation reflects that.  Buy Micron once sales start to increase again but that could be 1-3 years away.

### REPLY:
They are a value trap, due to inelasticity of dram, and oversupply of nand.  not the reasons you listed. The end of Moore's law is bullish for micron as it limits supply growth

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