Sounds like I wrote this article. Seems I was just saying this to Scubby Doo 2 days ago. Sound familiar:
"This company is growing incredibly fast with year-over-year quarterly growth of 55%. In addition, SanDisk has a great cash position -- with $2.83 billion of cash, and free cash flow coming in at approximately $140 million, SanDisk possesses a cast-iron balance sheet."
In times of apparent market stress (and they will come and go)- don't stare at the tape. Learn to read and understand a balance sheet. Hint "cast iron" is pretty solid material.