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SanDisk Corp. Message Board

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  • pouoien pouoien Feb 7, 2012 3:28 PM Flag

    Something many on this board are missing the impact of is the yen

    FIFO cost basis and p&L makes the fact that the weakness in the yen now will materially trigger further margin erosions. The yen fluctuation impacts current purchases not past. P&L is a reflection of when items were purchased. Assets are written up or down based on current exchange rates.....

    so costs are going up.They are dropping pricing and further eroding their bottom lines. Excess inventory will destroy margins even further as they have high cost inventory still that has not been expensed off so while your scenario may be true, the short term will actually be worse for SNDK....

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