A look at MU's stock chart shows how investors clearly don't understand the memory industry cycle as periods of market exuberance are quickly replaced by sheer depression. Dalal Street is a hedge fund with 6 clients and discretionary assets under management (AUM) of $674,500,000 (Form ADV from 2020-05-01). Mohnish Pabrai (Trades, Portfolio) in the fourth quarter bought a small stake in Micron Technology (MU), a stock whose price dropped by about half from its peak in … Micron is a new-ish addition to Pabrai funds – he invested around $17.5 million at end of 2018. The past several weeks has seen Micron Technology (NASDAQ:MU) sell off.The share price is now around 15% cheaper than its peak - for no significant reason at all. Latest Stock Picks Current Portfolio Profile Performance Sector Weightings Related Guru … Bullish Point #3 – Micron’s valuation is dirt, dirt cheap currently trading at 3.6 times 2018 earnings. Investment Thesis. Mohnish Pabrai (Trades, Portfolio) in the fourth quarter bought a small stake in Micron Technology , a stock whose price dropped by about half from its peak in May through the end of the year. Investment Thesis. Mohnish Pabrai is an entrepreneur who later switched to money management. To invest in MU one should understand the semiconductor industry properly to take advantage of its inherent cycles. Dalal Street is based out of Irvine. It not only produces HUGE free cash flow, it has committed to returning it to shareholders.
The fact that Micron Technology (MU) is one of the most followed and owned stocks is intriguing by itself. Pabrai Funds adds Micron According to Pabrai Funds' fourth-quarter 2018 13F filing with the Securities and Exchange Commission, Pabrai acquired …
Pabrai’s position of 546,847 shares totaled 0.05% of the company’s shares outstanding.
His best investment ever was the $650,100 he paid for lunch with Warren Buffett. That is Micron. In early 2019, he invested another $30 million. Like all great investors Tepper and Pabrai focus on companies that produce large amounts of free cash flow. I’m estimating these numbers based on his 13F disclosures . The past several weeks has seen Micron Technology (NASDAQ:MU) sell off.The share price is now around 15% cheaper than its peak - for no significant reason at all.