现在让我们看看另一种非常不同类型的股票。一个非常受欢迎的是美光，股票代码为MU。所以如果你看美光，问题是如何估值这只股票？再次，你使用哪种方法？我们能否使用贴现自由现金流方法，这是我最喜欢的？
我们不能，因为这家企业没有持续增加自由现金流或持续增加经营现金流的记录。
Now let's take a look at another very different type of stock. One that's very popular is micron ticker symbol MU. So if you look at micron the question would be how do you value the stock? Again, which method do you use? Can we use the discounted free free cash flow method, which is my favorite? We cannot because this business doesn't have a history of consistently increasing free cash flow or consistently increasing cash from operations.
那么，如果我们查看财务数据，点击财务数据。同样，你可以查看柱状图或折线图，随你选择。所以，看看这里。看橙色的经营现金流历史。它上升，下降，上升，下降，现在一路升到那里。所以，它现在处于高位。因此，它非常不稳定。它非常周期性。
So, if we look at the financials, click on financials. And uh again, you can look at the bar chart or the line chart, up to you. So, uh take a look over here. Look at the history of the operating cash flow in orange. It goes up, it goes down, it goes up, it goes down, and now it's all the way up there. So, it is at a high right here. So, it is very inconsistent. It is very cyclical.