Whats my luck this past 3 weeks. First MOT (earnings warning)... ... then AAPL ... .. then INTC ... now SNDK Anyone still like this stock? Its dirt cheap right now.
perhaps i'm dense, but i don't realize why it continues to fall. With a fourth quarter profit that beat expectations by 20% (if you substract the acquisition costs) and record revenue, why would it have fallen 10%?
the guided a bit lower for q1.. but a slow q1 is a given. i thought next year is what matters here...
They swung to a Q1 loss, and they said there is an ongoing (and building) glut of flash chips. http://www.thestreet.com/_dm/newsanalysis/techsemis/10335842.html The stock is dead money for some time, IMHO, and will probably fall further.
Never bet on earnings is not the right attitude I always make bets on earnings- just not on SNDK. Take a look at a site where you can overlay earnings reports and see SNDK has a habit of selling off violently after earnings reports.
for next 6-12 months I think semis and flash are in problems, I state the reasons in my blog. I think recovery will not be soon. I am avoiding semis for now and even looking to short some like TXN http://lauristonletter.blogspot.com/
Color On SanDisk's Quarter: Strong Results, Dismal Guidance in Consumer Electronics by Notable Calls on Jan 31st with stocks: SNDK The stock's down over 8% in early trading; Merrill: management's outlook was 'as shaky as we can remember.' Complete Story » http://ce.seekingalpha.com/article/25656