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SanDisk Corp. Message Board

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  • tchair tchair Jul 16, 2005 8:21 PM Flag

    tchair

    Yes. Still slightly in the red but had regained $200,000 within the past 5 days. I am not selling until it gets to at least 40. What do you think?

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    • Good stuff - I might sell when sndk is a stodgy large cap like Intel or Cisco - in other words when there is less potential for growth without aquisitions - until then, I'm long & strong.

      I added about 30% to my position over the last couple of months - some at 26, 25, 24 - unfortunately none at 23. No where near your league though in scale.

      • 1 Reply to flsh66
      • By Shlomi Cohen
        Globes Online
        Isreal's Business Arena
        July 16, 2005

        Investment guru Peter Lynch always urges investors to personally check out products and the pace of sales by companies in which they invest, or are about to invest. I was in the Netherlands last week. I went into many stores that sold digital cameras, and was stunned to see that every store packed a smart memory card manufactured by only one company - SanDisk Corp. (Nasdaq: SNDK) - together with every new digital camera.

        As far as I could see, Lexar Media (Nasdaq: LEXR) is non-existent in the Netherlands, and M-Systems has no presence in that market. I noticed that many customers were buying a one-gigabyte memory card costing over �100 with the fancier cameras. The camera itself cost about �400. Ellis says that SanDisk�s sales are weak. According to what I saw in Europe, the opposite is true, and what I saw was only the cameras market, which is considered saturated, with slow growth. I assume that SanDisk�s other sectors, such as memory cards for wireless telephones and universal serial bus (USB), are even stronger.

 
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