Share Repurchase Incoming in December (opinion), after the the deadline for government subsidy requirement expires on Dec 9.
Micron previous Earning call:
Micron CFO: "We intend to increase our capital return. Over time, we expect to return 100% of our excess cash to shareholders."
Analysts: "So you're saying 100% will go back to shareholders. I assume the vast majority of that is in buyback...”
Micron CFO: “We will hold what we believe is appropriate excess cash. Weve always said that we intend to grow the dividend over time. You saw us do a 30% increase recently, but the principal capital return we have will be share repurchase."
Micron will release earning after the bell 30 Sep. Singapore investor will be sleeping at that time and will wake up with a surprise (up or down, but I bet it will be up). One thing is for sure. Micron is printing money like no other company. It's profit will exceed 6 of the Magnificent 7 next year. Wall Street is waiting for more indications and clues. By the time they act on it, it will be too late for retail investors. It will come as soon as tomorrow when Micron print insane amount of money and re-iterate the intent to return the profit to shareholders. Are you going to stay on the sideline while the train is leaving the station?
The AI revolution is just the beginning.
"What the wise do in the beginning, fools do in the end.” - Warren Buffett.
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