### Comment:
P/E 2.39 at the min.    
 Approx 4.5 forward P/E for 2019.    
 If they keep up buybacks tho that forward P/E drops more even.    
 If market turns to muck it may turn negative i guess...    
 But theyre literally only spending profits on buybacks at the minute.   Cash is there.    
 I cant ignore em anymore...    
 I need to read into this overstock situation to see whats going on

### REPLY:
The tldr; is that they are holding a shit-ton of inventory in the upcoming quarter and cutting back on capex and bit growth to improve the supply-demand situation. Hopefully Samsung and Hynix will follow suit in regards to bit growth, if so there's an even better chance that this trough will be short-lived. Painful to bagholders like me but I'm in it for the 3-5 year outlook so I'm not panicking.

### END.