SanDisk Corp (NASDAQ:SNDK)
CAPS Rating:
SanDisk is a leading supplier of flash memory cards, which allow digital cameras and other devices to keep their data when the power’s turned off.
SanDisk is a leading supplier of flash memory cards, which allow digital cameras and other devices to keep their data when the power’s turned off.
Recs
All I keep hearing about is SanDisk this, SanDisk that. When is the last time anyone actually bought a SanDisk product? Never. No one will be using thumbdrives in 3 years, so there goes that source of revenue. Every phone company will start making their own flash memory so there goes that. SanDisk is like Crocs, is like Beanie Babies - a flash that will fade as quickly as it came
Hillarious
It's been a while since I bought their product, but I use their memorycards for my digital photos and HD video clips I take.
http://financials.morningstar.com/valuation/price-ratio.html?t=SNDK®ion=USA&culture=en-US shows the P/E ratio right now is under 10, at 9.0 while the industry average is at 80.6. The price/book ratio is 1.1, making it a stock to at least put on a watch list. It doesn't pay a dividend, which may or may not be a big deal to some people. For me, as long as I'm getting good or even great value for my investment, whether a dividend is declared or not is irrelevant.