### Comment:
6 or 7 P/E overvalued in this market shows how ridiculous Mu’s valuation metrics are. If MU reduces costs as NAND or DRAM prices decreases, ASPs would stay the same or even increase as CFO mentioned last week during investor day. The 4.xx P/E already prices in the trough of the cycle as if earnings will fall off a cliff...

### REPLY:
It really is crazy. I was joking about 6 pe being overvalued. Bit growth of 20% for DRAM 40% for Nand along with 20% and 30% cost declines id be finewith DRAM falling 10 to 15% next year. I don't think any analyst has it falling more than 20%

### END.