Sandisk Corp (SNDK) Buy, Sell or Hold

Sandisk Corp (SNDK)

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COMMENT

Ranks in the top quarter of his database. Near-term earnings have been huge and are expected to be up significantly in the coming quarter. PE at 12X is interesting. Hopefully they use their cash to buy back stock or do some interesting things. Cash per share is significant at roughly $4.40. Looks like earnings growth is going to slow dramatically in 2014.

PAST TOP PICK

(Top Pick Sep 16/10, Up 15.70%) Decided to take profits. Still likes it. It is a good name. Will benefit from memory demand for smart phones. A great brand name.

WAIT

Very cyclical. We are looking at the peak of their cycle. They are in a good position for the next 2 or 3 quarters. It’s a good company. Buy it when people don’t like it.

TOP PICK

World's largest supplier of flash memory data storage products. Cards for mobile phones, digital cameras, camcorders, new tablets, etc. More than 2 dozen companies coming out with new tablet form products and they will benefit. 6 consecutive quarters of positive earnings surprises. Trading at only 9X forward earnings.

DON'T BUY

A player in a commodity business where margins are limited and potential competition. Range bound in the $40-$45 area, which could be underpinned by deals for companies. Could be a little extended but not overly extended. CEO has announced retirement.

PAST TOP PICK

(A Top Pick Dec 3/07. Down 57.35%.) Flash memory. Would stay out of this.

PAST TOP PICK

(A Top Pick Jan 23/08. Down 55.8%.) Did quite well shortly after he picked it. Horrific 4th quarter. Too much product on the market now.

SELL

Model price is $1.25, a negative differential of 86%.

DON'T BUY

If they can pull back above $13, it will probably rally up to $17.50. Stock is too choppy for him. Thinks it will go down to $10 and may be even $8 before it goes higher.

SELL

(Market Call Minute.) Although they make great products the memory chip business is a terrible one to be in. End markets are bad.

TRADE

Thinner margins. There was a rally from $13 up to $17, fell back and a couple of rallies brought it back up and it’s back again. There’s a buy out deal and lots of fear that it wont go through. If it goes above $18.5, but a buy order in and it if it drops below $14 you want to be short selling.

DON'T BUY

Thinks that they're beating is going to continue. Doesn't see much hope for it.

DON'T BUY

(Market Call Minute.) Model price of $32.04, a positive 9% differential. He would look for value elsewhere.

HOLD

Looks interesting to him. His model price is $33.99, a 30% positive differential. If technology gets hit more, look for a price around $23.30. This is a price that he would nibble at it he had a position and liked the company.

TOP PICK

Flash memory. Quality name but has a lot of volatility. When there is strength in the economy and with the consumer, this is a name that can do very well. There will be a tremendous acceleration of flash memory. They are the patent holder and get royalties off all flash memory made.

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Sandisk Corp (SNDK) Frequently Asked Questions

What is Sandisk Corp stock symbol?

Sandisk Corp is a OTC stock, trading under the symbol SNDK (previously SNDK-Q on Stockchase) on the undefined (undefined). It is usually referred to as or SNDK

Is Sandisk Corp a buy or a sell?

In the last year, no analyst issued a Buy, Sell, or Hold rating on SNDK (previously SNDK-Q on Stockchase) on Stockchase. Read the latest expert commentary for Sandisk Corp.

Is Sandisk Corp a good investment or a top pick?

Sandisk Corp was recommended as a Top Pick by Peter Hofstra on 2008-01-23. Read the latest stock experts ratings for Sandisk Corp.

Why is Sandisk Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for Sandisk Corp.

Is Sandisk Corp worth watching?

Sandisk Corp is covered by Stockchase experts and is worth watching.

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Brian Acker, CA

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CNBC

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