The fact is that SNDK is too small to be widely held by institutions with technology stocks in their portfolio. To put things in perspective, CNBC had an analyst on this morning, who said the best companies to invest in for cellular equipment were Motorola, Nokia, and Ericsson. Missing from his list was a much smaller company - QUALCOMM - which just happens to be the top performing stock this year in the S&P 500, and which has gone up 900 percent in the last 15 months. These guys just don't get it!
As for SNDK, there is a lot of trading interest, inasmuch as the float has been rather low, and the total market cap is such that traders seem to think they can make short term profits going down or up. But there really isn't much institutional holding in long term accounts, such as pension funds, etc. One of these days, some of the smaller, more specialized funds like the Acorn Fund (out of Chicago) may begin to take an interest. For the moment, SNDK is regarded as too small and too unimportant for most portfolio managers to worry about. Their loss, our gain! |
