WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 172.53

-2.0%

3:37 PM EST

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To: Jim Greif who wrote (6257)	7/2/1999 11:10:00 PM
From: Paul Senior	Read Replies (2) of 60323

Jim, Aus and thread: Well I think SNDK is overvalued on a price to sales and price to book value basis. And price to earnings basis. If a pe of 40 is normal for this stage of a growth company, I say that that is still too high. Maybe for the 1990's, but not for my timeframe in dealing with growth companies. "Underappreciated" I can step up to. Isn't it the only pure play in the booming digital camera market? As the word gets out -- assuming it hasn't already got out (a big assumption on my part) people are going to have to make a decision to step up and pay the high SNDK stock price if they want to invest in the digital-camera boom. And the momentum players will come on board, or are already with us. So the stock can certainly move higher. But IMO, to say the stock is not yet fairly valued even at the current price, is to say the stock is undervalued. It is absolutely not. And if someone thinks it relatively is (ie. relative to other 'growth' companies), I say that THAT comparative game is a very dangerous game indeed to play. (My opinion, and I've been wrong many, many times before.) Paul Senior (long SNDK)

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