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Jim Cramer: Micron Wants to Pay Down Its High Debt

Micron MU is issuing $1 billion worth of new shares - the stock is up 90% since the start of the year.
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Micron (MU) is issuing $1 billion worth of new shares. 

"They want to pay down its high debt," said TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer. "It is dilutive - I don't mind them doing that - sometimes I wish Western Digital (WDC) would do that too."

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