$Micron Technology(MU)$ MU is grossly undervalued. There is no other company on the market that trades anywhere close to MU's p/e multiple of 5, based on last quarter's earnings annualized, and next quarter's earnings are projected to be significantly higher.

Another way to look at MU's valuation is to understand that at the current earnings rate and current market capitalization, a buyer of MU is earning a stunning 20% annually on their investment. The current annualized quarterly earnings statement income divided by the market capitalization being paid. By comparison, the same figure for GOOG currently is a whopping 3%, for MSFT it is 3.7%, for AAPL it is 2.3%. Basically, it will take investors 10 years of owning AAPL to generate the return that MU generates in a single year.

Here are other examples. Current return to shareholders based on current market cap being paid for: Intel at 3.7%, Dell Technologies at 6%, Seagate at 4.9%, Amazon at 3%, washed out Disney at 4.2%, and even multiyear dead in the water Verizon is at 10%. And Micron is at 20% return.

Were Micron to trade at a valuation comparable to other tech stocks, shares would currently be 5 times higher in price. Even trading at half of what other companies trade at would put shares at $2000.

This situation is a great example of unintelligent investors who have no clue regarding the value of something and who look only at the direction of a stock price to make a buy/sell decision. If it were not for these unintelligent investors, great buying opportunities would never appear. So while I may sound like I am complaining about MU's current stock price, I am really not. I own the shares at $40. I post to alert potential MU buyers as to the facts regarding its current valuation and the potential appropriate upside return on an investment.