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Solving Mampilly’s “Tech Industry Set to Surge 76,000% (And the One Stock You Must Buy Today to Cash In)”

What's being teased as "This Tech Stock Could Triple Your Money in 2020" by the latest Profits Unlimited ads?

By Travis Johnson, Stock Gumshoe, October 28, 2019

This article was originally published on Halloween, 2018, but we’re getting a ton of new questions about it so they must be running the ad heavily again. The ad has NOT been updated in any meaningful way, but some significant things have changed for this stock over the past year (though the stock price is right around where it was a year ago), so I’ll go through and add a few updates here and there as warranted.

Paul Mampilly is pitching his Profits Unlimited newsletter with a long spiel about artificial intelligence (AI), which seems to mostly be a tease from a presentation he recently made on stage at a Banyan Hill “Total Wealth Symposium” in Las Vegas (well, in September of 2018 — so it was “recent” when the ad started running).

And we like to think for ourselves, of course, so I thought I’d dig into the clues he drops and see if we can name that stock for you — maybe you’d love his newsletter, maybe you’d hate it, but if you subscribe to a newsletter just to find out about a secret stock… well, odds are pretty bad that you’ll be able to think rationally and independently about that stock afterward. Lots of biases get in the way, including: We all have a tendency to justify purchases, so you’ll probably want to love that newsletter because you just paid for it… and most investors end up being very strongly influenced by the first piece of information they receive about a particular stock, so if you buy into this “76,000% gains!” pitch without any context, you’re setting yourself up for disappointment.

So with that said, what’s the story? Mampilly here is pitching us on the huge growth in artificial intelligence… here’s a little taste of the ad:

“Major consulting firms predict this technology will create 2.3 million jobs in the next two years and give businesses the chance to raise profits, across the board, by nearly 50%.

“Which is why the big money is piling in.

“Microsoft has dedicated $12 billion to this technology.

“IBM is investing $15 billion.

“Google is spending $30 billion.

“Intel has already put up $32 billion to acquire multiple startups in this space, for the single goal of pushing this technology forward.”

And the 76,000% number that he throws out as red meat for us is just pulled from a big picture speculation:

“At $20 billion, this technology is tiny compared to the internet, smartphones and computers.

“However, the world’s leading researchers estimate it will explode into a $15.7 trillion industry in the next five years, growing bigger than all of these — COMBINED.

“That’s a 76,000% growth.”

You can throw around pretty much any numbers you want for that kind of big picture stuff, they won’t mean anything. Yes, we concede the artificial intelligence is a massive focus of most big tech firms, and is making its way into every part of the economy… but it’s almost impossible to even rationally guess at what the size of the “A.I. market” might be now, let alone what it might become, and we don’t even know what those numbers mean — Sales? Market capitalization? Profits? I have no idea. For context, the United States annual economic output, as measured by GDP, is just shy of $20 trillion. The world’s GDP (or GWP) is closing in on $90 trillion. Will AI, however you describe it, account for 20% of global economic activity?

But anyway, yes, we know that AI is big, and that tech companies and manufacturers and advertisers and product developers and pretty much everyone is trying to use artificial intelligence to make smarter decisions more quickly.

Man, maybe I should get me some of that AI. I do everything slowly, and am rarely as smart as I hope.

So how is one to make money from this idea? Mampilly says he’s identified a catalyst that will bring this technology forward… much like the assembly line was for the automobile, or miniaturization for the computer, or email for the internet. Something that turns a developing technology into a huge economic force.

What is it? Well, let’s see what he says:

“…. this company has developed THE catalyst that will cause the most important technology in the world to reach mass adoption.

“just like people doubted the use of the automobile, computer and internet, people have doubted this technology too!

“That’s because it’s been stuck in this range for the last 30 years.

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“But they’re not focusing on the ONE catalyst set to usher in this breakthrough any day now.

“Nor have they zoned in on the one, little-known Midwestern company that holds THE KEY.”

He runs through a bunch of examples of big potential in medicine (diagnosing disease), law (document review), retail (inventory planning), self-driving cars, etc. And then we get more on this catalyst…

“AI Just Got Its BIG Catalyst….

“You see, in order for AI to work, it has to also be able to learn — and ‘retain’ — all the information it gathers and apply this knowledge to new tasks.

“To do that, it needs one thing … A LOT of memory.

“That’s really why AI has been stuck in this range for the last several decades.

“Over the last 30 years, computing power has risen exponentially, as much as a trillion-fold. And the number of internet users has increased 25,000% since 1995, generating quadrillions of bits of data.

“The company that can create a new class of memory — that will power artificial intelligence — will stand to become the most valuable company in the world … because that new class of memory will be the catalyst for AI launching it into mass adoption.

“And today, one company in America’s Midwest has done just that.”

Aha! Now we begin to get some specifics…

“This company is the undisputed leader in memory technology. Their memory chips have been described as ‘the crude oil of the 21st century.’

“… artificial intelligence will soon begin solving major world problems like pollution, disease and hunger. It will also give every business the chance to increase earnings by nearly 50%.

“Which is why I am convinced this Midwestern company is the No. 1 stock you should buy, as AI ignites a $15.7 trillion revolution, surging 76,000%.”

And we get a few clues about large investors in the company:

David Tepper, the highest paid money manager on Wall Street, has dumped 20% of his portfolio into this one stock — a $1.9 billion investment.

“It is the top holding in Vanguard’s popular Selected Value Fund, to the tune of $4.4 billion.”

And some big partners and financial details to throw into the mix:

“This company has already signed a $2.5 billion deal with Apple and an $8 billion deal with Intel. With this latest innovation, it expects its memory business to quickly grow to $62 billion.

“This stock trades at just five times earnings….

“Best of all, you can buy a stake in this company for as little as $50….

“Company earnings are up 94% over the past year. And they’re heading higher.”

While the Thinkolator chugs away on those clues, we’ll note this bit of Mampilly’s opinion for posterity:

“This stock is an absolute bargain at today’s prices.

“If you’re going to invest in any one company the next decade, this company should be it.

“It will be like buying Ford, Microsoft, and AOL … before they surged 250,000%, 105,000%, and 70,000%.”

And…

“Buying this stock today will be like buying Netflix 10 years ago — setting you up for gains of 14,000% or more.”

So who is it? Well, I confess that this was a pretty easy one just going by the clues that were dropped along the way, though after chewing on the Thinkolator’s results for a little while I did waste some time trying to match the photo that Mampilly showed in his demonstration to illustrate that “midwestern company,” just as a bit of final confirmation.

But, the joke’s on me — he apparently just bought a stock photo of a generic suburban office building and used that… maybe it has some relation to the company he’s teasing, but I doubt it. Here’s the image, by the way, I use a stock photo service, too, so I bought a copy of the same photo. I even left the handy canned caption attached. This doesn’t mean anything, but I bought the photo and didn’t want to waste it.

Typical suburban office building, of the type used by high tech companies.

So who is this mysterious company that’s going to be vaulted higher by the rise in demand for memory as the artificial intelligence revolution marches forward? Thinkolator says your initial guess was right, dear friend, this is Micron Technologies (MU), the company that has been among the cheapest mega-chip stocks for a long time now.

Yes, the clues all fit — other than that building photo, which is not a picture of Micron’s headquarters in Boise or any of their other meaningful “midwestern” locations (I’d say Idaho is more western, but Mampilly also teased a Utah company as “midwestern”… so he clearly uses a pretty loose definition of that geographical term.

And I should say that the clues used to fit — they don’t anymore, since the ad hasn’t been updated to reflect changes in reality. David Tepper’s Appaloosa fund did indeed own a ton of Micron shares, worth a bit more than $2 billion, and that was indeed a huge bet — Tepper built this stake over more than two years, and it was about a quarter of his reported 13F portfolio at the peak (hedge funds and other institutional investors don’t have to report the full details of their portfolios, just the US-listed equities). He had just as much trouble picking the right price to pay as the rest of the world, given that he added most quarters from mid-2016 to early 2019 and he almost certainly bought some shares in the teens as well as some in the $50s.

But what has changed since? Tepper sold 95% of his Micron position sometime between April 1 and June 30 of 2019. Presumably at prices somewhere in the $35-40 range. So if it’s his signal you’re following, then you’re not buying here at $48 (I don’t know what his rationale was in selling). And in case you’re curious, that Vanguard mutual fund also sold a bunch of shares — though it’s still a top ten holding of Vanguard Selected Value (a fund that has lagged the market pretty significantly for the past two years).

Chip stocks tend to be prone to big swings of over-investment and supply gluts and technological obsolescence that requires constant, massive capital investment, particularly those who produce a lot of somewhat “standard” or commoditized chips like Micron… so add that together with some freaking out about Chinese tariffs and the stock is now well south of $50 a share and trades at eight times earnings (it was an even more ludicrous 3X earnings a year ago, but earnings have fallen considerably and the price has risen).

So you can pick up Micron shares for about $48 now if you’d like to, which is up pretty nicely from the $35 you would have paid last Halloween when this ad first ran, and analysts are predicting decent profits for the next couple years…. though the predictions now are far lower than analysts had been forecasting in the fall of 2018. At the time the forecast was for roughly $9 a share each year going forward, but analysts now think that earnings, which peaked at $12 a share in 2018 and dropped to $5.67 in the year just completed (their fiscal year ends in August), will be down to $2.50 in this current fiscal year (the one that just started) and rise to $5.35 in 2021 and $7.53 in 2022.

So if the analysts are right that is, indeed, still a compelling valuation — about 20X current earnings and 9X forward earnings… though history tells us that analysts are pretty terrible at forecasting Micron’s earnings (which isn’t their fault, the company is pretty bad at it, too — as you’d expect for a “price taker” company that historically has relied on sales of commodity memory chips).

The overarching concern has been that Micron is at or near the top of the cycle in memory chips, and that looming oversupply is creating another crash in prices… perhaps like the one that saw Micron’s share price fall by about 2/3 from 2014 to 2016, when revenues fell 20% or so. Of course, back then the PE ratio only got down to about five or six, so perhaps we bottomed out last year?

I have no idea, of course. I left my crystal ball in my other pants.

The analysts don’t know, either, even on the top-line stuff — they are supposed to be the experts on the industry and the best at predicting where things will go (stop laughing!) — and in Micron’s case, last year they were predicting stable revenue of between $30-31 billion for the next several years, roughly the same as the company reported in its best four quarters ending in early 2018. Now, those same analysts are predicting that after last year’s disappointing revenue of $23 billion it will fall further still to $21 billion this year, before rising back up to $25 and $28 billion in 2021 and 2022.

It’s worth noting that Micron has no net debt, so there’s no imminent risk of a cash crisis even if earnings fall… so what on earth is it that people don’t like? Is it really just the fear of a cyclical peak, concern about Chinese tariff wars that cause supply chain headaches in the chip sector, or a rising glut in memory chips? Probably mostly the latter, but it’s hard to see inside the head of other investors.

There’s a “Micron has peaked” article from Investorplace here if you’d like a different perspective, and there’s a Motley Fool piece about the recent Intel/Micron divorce in their next-generation memory business and the impact that might have on Micron’s finances (incidentally, that next-generation 3D XPoint memory is what has led some other newsletters to pitch Micron in the past as well… it was even teased as a cryptocurrency play last year).

And yes, artificial intelligence plays heavily into Micron’s future growth plans — like everyone else, they’re aware that faster processing and more storage and faster memory access will increase the demand for artificial intelligence processing in all kinds of devices and industries… and particularly that we’ll need a lot more processing power and memory in more data centers as more of this AI processing moves to the cloud. Though that doesn’t guarantee that the newer, better, stronger memory chips they develop will be adopted fast enough to make up for competitive pressure or falling margins in their core “commodity” memory chip business (supplying DRAM for computer processing memory, NAND chips to replace disk drives for memory storage), but there doesn’t seem to be any reason to expect revenues to crash or the market for memory to disappear… it’s just possible that it will become less profitable as pricing pressure settles in.

Where do I come down? Well, I can’t claim to have any insight into whether the market for commoditized memory chips will rise or fall this year, but everything I read indicates that pricing is falling and estimates are falling for Micron as well as for other memory makers like Seagate (STX) and Western Digital (WDC)… and going from a partnership with Intel to possible competition with Intel over the next year or two doesn’t make your tummy feel great.

But still, a market-dominating company that trades at 3X earnings is soooo cheap that I was somewhat tempted a year ago, and as long as this year is really an earnings trough and they can recover then a forward PE of 9 or so is also pretty compelling… and it’s possible that they can both buy back stock and continue to fight for leadership in next generation memory technologies. Sometimes we underestimate the biggest companies, and Micron is indeed big… their competitors are large, too, from Samsung to the Chinese state-backed emerging giants to Intel, but most of their competitors are huge and diversified… they don’t have any listed competitors who are as tightly focused on memory chips as Micron, and sometimes being big is enough to guarantee survival through the downward cycle in the sector and leadership the next time the cycle turns.

That said, yes, it can obviously still fail — I would have said the same thing in mid-2018 when the stock was near $50 with a P/E ratio of 5, and that would not have stopped the stock from going down 30%. Cheap stocks can get cheaper, because people have a tendency to want to pay for future earnings, not past earnings.

Last year I noted that there were a couple dozen relatively big tech stocks that traded at single-digit P/E ratios and with Price/Sales ratios below 1.5 or so, evidence of the cycle of destruction that comes down on this sector with some regularity as competition and innovation and commodification of products bring down former darlings… AU Optronics and Fujitsu and Hitachi and Seagate and Tower Semiconductor all looked awfully cheap, too, among others… but none of those other important (or formerly important) billion-dollar industry leaders were even close to as cheap as Micron when it comes to earnings multiples, even as the fact that many of them are much, much cheaper when it comes to price/sales measures provides some room for worry about falling margins.

There was an interview with Micron CEO Sanjay Mehrotra in the Silicon Valley Business Journal around the time this article was originally published, and he summed up the strategy pretty well in this Q&A:

“How do you plan to lead the company’s strategy in areas that may not be as strong? The CPU shortage caused PC makers and customers to pull back a little bit in recent quarters, which was reflected in a weaker outlook by Micron. How do you plan on keeping that strength in areas like that?

“We plan to continue to focus on innovation, in terms of advancing our technology roadmap. Bringing new technologies, new products to market. We really want to continue to strengthen our cost competitiveness, with respect to those products, manufacturing cost structure, as well as continue to evolve our portfolio of solutions toward higher value solutions.

“Whether you look at data centers or you look at autonomous driven vehicles of the future, or you look at the growing needs of mobile, or smartphones — all of these applications are requiring more memory and more storage. All of these applications are also being touched by artificial intelligence and machine learning in one way or another. Artificial intelligence and machine learning are in very, very early stages. We have barely seen the tip of the iceberg there. Fast memory and fast storage, is really the heart of that artificial intelligence evolution and these are the kind of products that Micron makes and will continue to make.”

So sure, I can see why Paul Mampilly was tempted a year ago, and could still be interested today… but I can also see why a lot of people wouldn’t have the stomach to speculate on this one. I’d probably still lean more on the “decent companies with a PE below 5 are probably worth a gamble” side, particularly when the company’s balance sheet looks pretty solid, like Micron’s does… but I don’t have any particular confidence that the stock will recover quickly, or that their next-generation memory products will benefit meaningfully from AI investments in the next year, so I haven’t bought.

Cheap is good, but cheap stocks often test both your stomach and your patience. Micron isn’t likely to generate any big news soon — sentiment can shift anytime, of course, but their next actual earnings release isn’t until December 18… and most of the bellwether semiconductor stocks have already reported for this quarter, so you’ll have to get to big picture guessing if you want to predict how Micron ends this year. Last quarter, Micron disappointed and dropped by 10% in September… but the improved outlook from Intel last week and the more optimistic chatter about the China trade war have probably had a lot to do with it recovering from that drop.

That’s just my thinking, though, and I don’t think I’ve ever owned Micron stock… I certainly haven’t scoured their detailed filings in recent years. Perhaps you’re more informed than I am, or have a perspective to share — if so, I’m sure we’d all be delighted to hear what you think, just share your thoughts with a comment below. We don’t bite.

P.S. Paul Mampilly has definitely had some fans hereabouts in past years, thanks in large part to his teaser pitches for ST Microelectronics in 2016 and Foundation Medicine in 2017, both of which did very well — but opinions change pretty quickly and our readers do always want to hear more, so if you’ve tried out Profits Unlimited, please click here to share your experience with your fellow investors. Thank you!

Disclosure: I own shares and/or call options on Alphabet, Apple and Intel among the companies mentioned above. I will not trade in any covered stock for at least three days, per Stock Gumshoe’s trading rules.

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Odilia
Member
January 13, 2019 9:31 pm

You say you care, that you want to help the lesser rich purhaps even the poor. It bugs me so much and I get upset. I spend under 100.00 to buy your product. I am constantly looking for the ticker and price and I can’t find because you tease us. When it comes to money, it’s not right to tease. I love to joke around , love to play around but not with money when I’m trying to make some money. All advisers that speak, say too much but not what we want to hear. If you can cut down on the speeches time, surely you won’t lose me at least for 15 minutes . Lol. I have several advisers and haven’t made any money . I do so much reading and research yet I don’t get the tickers I need. Paul, you seem like a caring person. I saw this about you. I’m NOT picking on you , I hope you don’t think that. It’s just the way it’s done, gets to me because I’m spending the money on advisers and spending money on stocks. I have NOTHING to show for it. Iv lost alot of money, I don’t have any more.

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catherine
catherine
January 14, 2019 8:26 am
Reply to  Odilia

Odilia, you see to be justifiably annoyed at Paul Mampilly, but you are currently writing on the Stock Gumshoe page…. Why not tell him directly about your issues with him?
We appreciate you warning us, though Travis has already done that as well.

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erikam
erikam
January 14, 2019 3:52 pm
Reply to  Odilia

Odilia, you do know this is not Paul Mampilly’s site right? If you have a problem with him, you need to vent on the correct site.

cka1946
January 16, 2019 9:01 am

Thank You Travis…. I’ve been on a lot of wild goose chases …..not going to get excited about MU yet..

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Dave Roberts
Guest
Dave Roberts
February 2, 2019 11:26 am

I landed here trying to backstop Mampilly’s tease. The picture in the presentation I saw was a warehouse, not an office building … and his pitch included a $10 bill. Neither MU nor AMD have been at $10 for a very long time. So is it one of those he was pitching? Or something entirely different? p.s. the other key point in the pitch I watched was “an important announcement to be made by the end of this month [Jan 2019]”.

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cavin cunningham
Guest
cavin cunningham
February 4, 2019 9:12 am

I haven’t seen much mention about Edge computing- decentralizing storage SEEMS to make sense, but can they really give up all that control once they have it? Also is 3d printing of components going to be the game changing is sounds like?

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wlcummings
February 7, 2019 9:55 am

Class Action Lawsuit Against Micron Technology, Inc. – MU 2/1/19

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Jan
Guest
Jan
February 10, 2019 6:56 pm

Prior to even finding your article, I did a google search on the office building in P. M.’s Pitch . Supposedly, it is ‘the building in the Midwest where this technology is found.’ No! Actually, the same photo without P.M is on this site. https://integratedtechnologiesaustralia.com.au/energy-management/our-markets/energy-management-for-buildings-and-offices. It is the Office Building of an Australian company ITA doing Energy Management and Australian home automation.

Jan
Guest
Jan
February 10, 2019 6:59 pm

Going back go my previous comment….Perhaps ITA is using the same stock photo as pictured above.

Robert Livingston
Member
Robert Livingston
February 10, 2019 7:49 pm

If anyone here is looking for a good “chip” company then you might want to take a look at AMD.

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Thjnairmony
Member
February 12, 2019 10:22 pm

Check out this link silicon chips are reaching their limits-new technology- https://www.techradar.com/news/silicon-chips-are-reaching-their-limit-heres-the-future

Karl Welsch
Guest
Karl Welsch
February 19, 2019 12:59 pm

Mampilly said you could buy for $10. Been a long time when MU was at that price. Also is he talking about AI or is he talking about blockchain???

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Gatorman
Gatorman
March 10, 2019 11:06 am

I signed up for Profits Unlimited yesterday after watching Paul’s pitch numerous times. He stated that upon joining he would immediately email the name and ticker symbol because the news could break at any time. All the free giveaways would follow at a later date. After a few minutes an email showed up pitching their $10 million subscription that upon signing up for that the company name would then be released. Paul must need a new barn in Raleigh or maybe a guest cottage for his buddy, Yastine

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San4o
Guest
San4o
March 17, 2019 5:08 pm
Reply to  Gatorman

So have you gotten the info about the real magical stock yet?

Cathy
Cathy
July 31, 2019 2:39 pm
Reply to  Gatorman

That’s funny, I just signed up and looked for my “immediate” unveiling of the teaser stock only to find it wasn’t there! I called them back to remind them of Paul’s promise, and was told it could take up to 24 hours or so to process my payment, and THEN I would have the information promised. I mentioned it did not seem as though we were getting off on the right foot….as my expectations created by Paul were not being met, and it had happened in the first 20 minutes of our new relationship. Surprise.

kevinrawle
Member
kevinrawle
October 28, 2019 7:58 pm
Reply to  Gatorman

Their business plan is to sell subscriptions – not make huge gains for their clients, as long as understand this your life will be easier. Don’t buy their hype, ask for proof.
2019 is a bull market year and most of their advisors have only produced 20%, so far – a big load of nothing – do not trust their advertising it is all lies and deception.

Atil
Guest
Atil
November 1, 2019 3:09 am
Reply to  kevinrawle

Banyan Hill indeed is a research publication, giving up to date guidance to subscribers from their various lines of expertise, with varied investment strategies and platforms to suit an investor’s needs. Paul Mamphilly’s banner subscription Profits Unlimited balks on high risks speculative investments which he and his team see as potentially profitable as the stocks wait for the catalyst which could propel stocks to go up as it gains acceptance. It’s high on technology, which historically has been life-changing, and there is not a time in history when the world in general, is at the realm of such an amazing era of untold technological advancement, it could totally eclipse any technological invention so far. It might take its time but it surely will, and it might ruffle the edges of those who are impatient, but good things often come to those who wait, and knowing to begin with that it is speculative, to be able to roll with the volatility of the market and be realistic of its inherent risks. It might be too rash to pre-emptively judge the publication as its true aim is to make money for its investors, no matter if they push subscriptions to their other services too, as that is the nature of any publishing company, so it will thrive as a business.

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pokemon
Member
pokemon
March 3, 2019 2:05 pm

thanks for that info Travis!

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B mahapanna
Member
B mahapanna
March 23, 2019 2:41 am

Paul mentions micron but is now touting another stock which he gives a video tease for.

Can detease his new stock choice?

https://banyanhill.com/exclusives/paul-mampilly-this-ignored-stock-is-my-no-1-pick-for/

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backoffice
Irregular
January 29, 2020 10:58 pm
Reply to  B mahapanna

I noticed that also. this is the same ad yet this play is for a 3.1 trillion dollar industry, that’s about the only difference in the ad
, anyone else notice that?

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Thomas B. Higgins
Member
Thomas B. Higgins
March 27, 2019 11:28 pm

I figure the 3D Xpoint technology won’t influence Micron’s outlook for about 18 months. That said, it does appear to be a great technology and a real advance. I look to buy in a bit later on, because I think the thing could snowball.

timcarp1964
Member
timcarp1964
April 22, 2019 7:15 am

I have a love/hate relationship with MU. I work in the tech sector and actually represent a competitor to Micron. Many customers absolutely hate MU but they continue to use them because they (like Intel used to be) are the 800 lb gorilla in their given tech space. I own MU but my buy price is $48 back in Sept 2018. I have sold $4.40 of covered calls so my basis is nearly at the current stock price. I have owned MU once before (maybe 4 years ago) and I watched them fall to 1/2 my buy price then rise substantially but my shares got called away long before the $60 price.
It’s hard to believe MU will expode to even double the current price in the next year, but who knows.

Manpilly is also hyping an IoT play and talking about $38T (that’s right T) going into the market over the next short while. Any idea about his current hypings? Is his Profits Unlimited worth the small amount of money he’s asking?

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eleanor
eleanor
April 22, 2019 10:06 am
Reply to  timcarp1964

A while ago, several gumshoe members shared their opinions about Profit Unlimited. Personally I pretty much lost money on his recommendations except for PayPal. I found that his newsletter reachs a large amount of people and by the time I get the recommendation, stock price has already gone up. I canceled my membership. There must be successful stories, I was not that lucky one.

Atil
Guest
Atil
November 1, 2019 3:48 am
Reply to  eleanor

Paul M’s profits Unlimited is definitely worth a try so you would not wrangle on the stocks he has on his sleeves. Paul and his team of financial experts also detail why they are banking on their recommendations, and I believe the stocks therein are his personal portfolio picks. Stock gumshoe makes a really good insight into the stocks being touted by a lot of financial gurus and I am glad to have found it this week, as it confirms some of my self-searching efforts though I have to admit that I had subscribed to Profits Unlimited last August, trying to learn things from experts in the field, unwittingly subscribing also to an expensive Rapid Profit Trader subscription due to marketing pressure and my own gullibility, not knowing a tad bit about what Options and that it is inherently quite risky at this particular market environment, especially when there is not a good education provided at the table at which I could really learn the ropes instead of just being guided by recommendations, and much harder for me because actually, I am by nature a skeptic, and also not a gambler in any way, but realization was too late as subscription is not refundable. So there could be hypes, but I think they need to hype it up to really prevail over human weaknesses, and mine is being gullible to what I think is a different education which I did not get in college and finding none of that sort is what disappoints. Also if one has time to research the internet, one can find the stocks being recommended by research groups but if one does not have the time, they can just subscribe, to take out the guesswork.

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kc
Guest
kc
May 5, 2019 6:05 am

Hi sir,
how to buy the shares of AI [Mid western company]

timcarp1964
Member
timcarp1964
August 17, 2019 9:29 am

So a quick update, my covered call selling of MU finally caught up with me as it got called away at $42 on it’s way up to new 52 week highs. Then it settled down again to $42. Like a dog drawn to its vomit, I was tempted to jump in again but am holding tight for now.
I did subscribe to PU – an interesting acronym for Mampilly’s services… He also is hyping STM (I did well with that, but am on the sidelines now) and AMD which I absolutely hate b/c of fundamentals. Mampilly really doesn’t understand the companies he pumps. He claims MU makes differentiated products. They don’t. Samsung and Hynix (and other smaller companies) make exactly the same memory components. I listen to Mampilly and roll my eyes. Strong hands he touts as his holdings fall. I did make a move on ZG around earnings and thats worked against me.

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backoffice
Irregular
October 4, 2019 9:03 pm

Now I’m confused. I came across 3 different pitches that all pointed to AMD. It matches up with his claim that it will return 77,400%. In another pitch he named it as the stock of the century, and his last one ties that comment to it also being his pick for 2019. He also has MU, and STM as his 3 picks to become a millionaire, so I’m long on all three. If someone has it differently please let me know.

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kenethlevine
Member
kenethlevine
October 28, 2019 2:01 pm

I admit that his PU service has not performed great lately but I have to say it positively glitters compared to IPO speculator. If there is a forum for me to give a list of issues with that $2995 service I would be glad to oblige, without giving away any stocks recommended. I ultimately got my money back using the 90 day warranty but I’ve probably lost twice that on its recommendations

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Tampabob
Member
October 28, 2019 2:16 pm

I can’t comment on the company except to say the price seems a bit high right now but I enjoyed the comment about the photo. I passed by Micron a few years ago while on vacation in Idaho and it looks remarkably like the stock photo. Check the link below.
https://www.google.com/maps/@43.5308674,-116.1512842,3a,45.8y,109.38h,87.68t/data=!3m6!1e1!3m4!1sl53Ejou1oCRiWeJ03YwkDg!2e0!7i13312!8i6656

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