### Comment:
&gt;The stock is currently priced for DRAM to collapse harder than nand 
  
 Let's say MU misses EPS and/or lowers guidance in the next few ERs, do you really think share price will remain stable even as earnings drop?  I know it's been said that at $50/share MU could have earnings drop in half and P/E would be a slightly more reasonable ~9, but is there *any* reason to believe MU would actually hold in the $50s if they were to have earnings crater like that?

### REPLY:
Book value is what 30/share? Constantly mention the improvements to cost that 6 to 7 dollar trough earnings so in a perfect world yes. Buts MU. Even Timmy thinks declining eps deserve rerating https://www.barrons.com/articles/micron-ubs-ups-to-hold-on-samsung-dram-delays-1530057318 
  
 Edit: should say declining eps

### END.