Betty, be careful about that "year or two", Japanese investors are waiting already 10 years to see back the late 80' peaks and are still at barely 50% of these. It could happen here (and has happened here before, from 1966 to 1982, a grand total of 16 years, the DOW was locked between 500 and about 1000).
This, of course is a general statement, not specific to SNDK, still with a current valuation of $6.6 or billions with current yearly sales (give or take) in the $350 to $500 MM (and probably more if we include other's sales on which SNDK gets royalties), there might be a short term retrenchment even here. But, with SNDK, I would tend to agree that in few years todays (and tomorrow's?) blips may not register on the chart. Yet, this storm may take some time to pass, and people on margins might be forced just as this retrenchment reaches its nadir.
Zeev |
