We'll know more about whether SNDK is cheap when we see the financial statement. PE isn't always the most revealing measurement when a company is expanding rapidly, plowing new money into plant and equipment and into research. Price per share divided by sales per share might be more revealing, plus cash on hand, plus a few other things.
Is it worth having a digital camera? Depends on what your intended uses are. If you want to send photos by e-mail, of course it's a natural. If you want to substitute for a fairly good 35mm camera, it depends on how many photos you expect to make in a year (more than 200?) and how many enlargements you might make. The real economy is in the enlargements or even regular sized prints, compared with the cost of commercial photofinishing. If you make more than 50 8x10 enlargements a year, you'll find the extra initial cost of digital is peanuts. I'm extremely happy with my Nikon Coolpix 950, though I admit a through-the-lens viewing or equivalent, such as is used in the top-of-the-line Olympus, would be better. The sharpness is amazing, and on top of that, if you make your own prints, you can control for color balance, cropping, highlighting, and other features that would be impossible to control with conventional color prints. I sent out 400 Xmas cards this year, each one with text and digital photo, at a cost of about $0.38 per card, including the paper, ink, and envelope - everything except the postage. With conventional technology, which I used last year, including a 3x5 print pasted on the card, the cost was about $0.55 per card.
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