Art & All- SNDK Downside, I did not realize how low things got before, back there in Oct. of 98. I wonder if you or anybody else has any reasons why SNDK won't go to cash value this time. I don't know of any other techs that went that low in 98, although I am sure others did, but if there is something peculiar about SNDK or stocks in this business such that there is a good chance of going back to cash value, then I want to understand this. Back then I think it hit a low of about 3 or so, using current split adjustment. Since then, however, revenues have gone way up. What is the consensus estimate of the downside on this thread to SNDK? Has this been discussed before? Per that Barrons article, that guy suggested the downside was the mid teens, we are about there already. In fact, the article suggested that $20 was a very good deal. I realize the downside is theoretically zero, as with all stocks, but for most techs there is a P/S value, for example, that tend to represent trough valuation.
Any comments are appreciated. I am new to this area of technology, and to the realm of stocks that have gone to cash value.
John |
