SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
Re-iterate Buy
SNDK
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SanDisk was slammed today, despite having a terrific quarter. They beat estimates by 0.15 ex-items, but posted a loss for the 4th quarter from the acquisition costs of MSystems. SanDisk reported record earnings of over a billion dollars of revenue for the 4th quarter, far exceeding analyst expectations. However, they provided weak guidance for the 1st quarter of 2007 which caused investor confidence to slip.
However at these price levels, SNDK is a bargain -- it is trading at just over 2 times book value; not to mention SNDK's huge cash position. Also, at these price levels, SNDK may be a ...
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SanDisk Unveils 32GB Drop-In Replacement Drive for Notebooks
SNDK
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SanDisk is looking to replace that spinning, power-hungry hard drive in your laptop with a 1.8-inch solid state 32GB flash drive. The company says its cool-running SSD Ultra ATA 5000 1.8" drive is a drop-in replacement for those old-fashioned mechanical hard disks. It packs the performance, too, with a 62MB-per-second read speed while using less than half the battery power of conventional discs...
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bottom out
SNDK
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i think it bottom out few days ago, but it only will slowly climping back up.
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Catalysts
SNDK
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SNDK's long-term prospects should be fairly positive, as it is one of the strongest players in the flash memory market. Intel's and Micron's partnership into the flash memory market has yet to materialize any positive results, and should not be as large a threat to Sandisk as initially expected.
Flash memory's demand will continue to grow as more applications are found for it. More recently, the just-released Nintendo Wii has flash memory capabilities that allows users to save game data onto them. In fact, Sandisk has announced a specially labled "Wii-compatible" SD card, which although is...
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Gekko
(-4.94% risk: conservative)
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Samsung's sticky fingers
- If you check my initial take on Sandisk just three days ago, you will see why I am smiling now.
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More Resources
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About SanDisk Corp
- Answers.com
