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.
Micron (MU) - Get Report 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) - Get Report would do that too."
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