Jim Cramer Has a Warning for Anyone Betting Against Micron Stock. Michael Burry Isn't Listening.
Michael Burry recently bought put options on Micron stock that expire next June.
Overview
Michael Burry and Jim Cramer aren't the first two investors you'd expect to agree on a stock, but their disagreement over Micron Technology (NASDAQ: MU) is particularly interesting.
Burry, the investor made famous by The Big Short, recently closed his outright short position in Micron and replaced it with put options. Cramer, meanwhile, warns that investors betting against the memory chip maker are "digging their own grave."
Details
After Micron's latest earnings report, I think Burry's bet faces a particularly difficult obstacle: the company he's betting against doesn't look much like the highly cyclical memory business investors became exhausted by over the last several decades.
Source
Originally published at www.fool.com.