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NVIDIA Corporation Message Board

  • rounhouse_c rounhouse_c Dec 3, 2012 5:37 PM Flag

    sWitch from NVDA to SNDK, get to green

     

    SanDisk’s (SNDK) stock has taken a hit over the past month, falling more than 10% from $45 to $40 levels currently. This downward movement has widened the gap between the market price and our $50 price estimate, undermining our valuation by approximately 25%.

    In our opinion, the decline in the market price is unwarranted since SanDisk is well-positioned to supply the smartphone and solid state drive (SSD) markets, both of which are expected to grow rapidly over our forecast period. Additionally, the stabilization in NAND prices, whose fall caused a year-over-year revenue decline for SanDisk during the last few quarters, will help the company grow its top-line going forward.

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