### Comment:
Sounds OK.  If MU earnings stay flat for the next five years, what should the company be worth?  A 5% YoY price decrease will result in significant earnings increases due to not only cost reductions outpacing ASP decline but increased capacity so selling more bits.  Mind boggling.

### REPLY:
Sometimes I wonder if I'm somehow missing a piece of the puzzle. All signs point to MU being a money printing machine for the next few years to the point where they could just take themselves private or pay a crazy dividend, but no one seems to care. Demoralizing for sure holding MU this year.

### END.