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SanDisk Corp. Message Board

  • jurisdoc jurisdoc Feb 4, 2000 6:14 AM Flag

    IGNORE THE HYPE -- HERE ARE THE FACTS

    Sandisk earned less than a dollar per share for
    all of 1999. It trades for $135.00. The P/E ratio is
    more than 50% higher than Microsoft's P/E. If I
    invested in government securities, I would collect over
    $8.00 on an investment of $135.00. This is 8x more than
    Sandisk's return, based on its latest earnings. If Sandisk
    traded at Microsoft's multiple, the stock price would be
    less than $65.00. Analysts predict $2.00 per share
    earnings in two years. This projection in no way justifies
    the current share prices.

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    • better than 50% a year for the next couple of years. this compares to about 30% for microsoft. Microsoft is a great buy now too. it will be at least twice its share price in 2 years.

    • JD -- I guess I might be a little cranky if I
      were writing this at 6am, too; but really, why does
      Microsoft's PE ratio have to be the standard for all stocks?


      What if SNDK instead traded at the multiple of
      Qualcomm (QCOM), to name just one stock whose price is
      based on positive but reasonable expectations about
      future earnings? Suddenly today's price would look like
      the bargain of the year. Take a look at Aus's post
      #6198, among many others, and you'll see why the SNDK
      owners on the board are happy these days, not nervous.


      sndk_pah (J.D., UT-Austin, in case you care)

    • "If Sandisk traded at Microsoft's multiple, the
      stock price would be less than $65.00. Analysts predict
      $2.00 per share earnings in two years. This projection
      in no way justifies the current share
      prices."

      SanDisk's growth rate for the next several years will far
      exceed Microsoft's growth. SanDisk is a traffic cop in
      the center of the crossroad where digital
      photography, Internet audio and portable computing (including
      web-enabled cell phones) converge.

      Don't you get
      it???

      Ausdauer
      "SanDisk...We're the "dig it!" in digital."

 
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