What Should Micron Prioritize—Convertible Debt or Straight Debt?
Now Micron Technology’s (MU) cash flow is strong, the company has returned to strengthening its balance sheet—which the previous management leveraged. Micron’s two cash priorities of capital expenditure and debt repayment are viewed by different investors in different ways. Investors who prefer debt repayment are also divided on how Micron should implement its repayment strategy.