Bull of the Day: SanDisk (SNDK)

SanDisk (SNDK) has a strong product portfolio and is a significant player in the U.S. flash memory market.

The company posted robust first quarter 2010 numbers, exceeding the Zacks consensus estimate. SanDisk witnessed major gains in the OEM business and higher product revenue, and has provided a decent guidance for the second quarter. The company witnessed stronger pricing and good OEM sales, which in turn have improved gross margin substantially in the first quarter.

SanDisk is cash rich and is aggressively reducing capital expenditure outlay. In order to reduce inventory levels, the company is slowing down its in-house NAND supply. We are optimistic about the long-term growth story of SanDisk and upgrade the stock to Outperform.

SANDISK CORP (SNDK): Free Stock Analysis Report
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1 Comment on Bull of the Day: SanDisk (SNDK)

  1. Ha! This may have been the bull of the day in July, but its now the bear of the day here in October. And, like an idiot, I listened to Jim Cramer tout San Disk, blah, blah, blah. Jim is a load. You can figure out what that load is. The man is a bozo, but I’m an even bigger bozo for taking his worthless advise. Do yourself a huge favor, don’t listen to this clown. Believe me, you’ll be sorry later.

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