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Micron Provides the Moneyback Guarantee Shares Have 50% Upside

Micron seems to be moving higher in response to a change in board level agreements with regards to net operating losses for equity investments that exceed 5% of the total market cap. That being the case, investors should be wary about the types of deals further down the road as the recent 8K disclosure of this recent change marks a transition for Micron to be more of a deal facilitator for strategic investors from China wanting to take both an equity position and manufacturing partnership from its upcoming Dalian fab.

There are some limitations to the strategy however, at least the IRS believes that the NOL carry forwards only apply to transactions with equity investments less than 50% of the total shareholder ownership pool. Therefore, if Micron were to pursue transactions...