Here's Why We Believe That Micron Is Worth $25

Micron Technology?s stock price has been on a downhill trajectory since the start of 2015, losing almost 30% of its value in the last month alone. Key factors behind the weak investor sentiment include: 1) weaker-than-expected PC sales; 2) adverse currency headwinds (the company earns a sizable amount of its business overseas, especially Japan); and, 3) Micron?s own admission that its DRAM and NAND output growth will lag the industry growth in calendar year 2015 (as it executes on key milestones...