Think Micron Technology Stock Is Expensive? This Chart Might Change Your Mind.

Some investors think Micron Technology (NASDAQ: MU) stock is incredibly expensive. In a certain slant of light, they're not wrong.The memory-chip maker's shares trade at -- make sure you have a seat -- 151 times trailing earnings and 932 times free cash flow today. That's a lofty valuation by anybody's standards.But there are other ways to assess Micron's market value. The company is in a position to turn a corner and deliver stellar earnings growth in the next few quarters. As a result, Micron's stock looks downright cheap when its share price is measured against forward-looking earnings estimates:Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool