Trades at a 5.6 FPE, while $Micron Technology(MU)$ sits at 5.79. By that metric, these are the two most undervalued names in the $Invesco QQQ(QQQ)$ , even though they carry the highest trailing EPS (TTM) and the highest EPS projections for next quarter. $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ are also priced as the second and third least expensive stocks in the $SPDR S&P 500 ETF Trust(SPY)$ right now, yet both landed in the top 10 losers today on both exchanges. Meanwhile GM, F, and buyout candidates like FISV get to trade at higher valuations.
Their combined FY27 EPS is $361, with $Micron Technology(MU)$ at $148 and $SanDisk Corp.(SNDK)$ at $213. FY28 EPS estimates go up to $421. They have negligible PEG ratios and debt.
That $421+ EPS for next fiscal year is rare and worth repeating.
Looking forward to seeing both of these stragglers get priced up to at least half the valuation of the indexes that hold them, or even just a shred of each company's fundamentals. As always, good luck to all.
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