Micron (MU) is a microcosm of the entire market. Its shares soared in 2013. The gains were so large that many are betting against this company. Even more are betting on the stock.
DRAM prices have firmed in such a way that profits are flowing and growing. The stock is in the middle innings and I want to own this one to $30 per share. Analysts expect the company to grow profits by 20% from the current fiscal year ending August 30, 2014 to the next. At current prices, shares trade for 12 times current fiscal year estimated earnings.