Paul and the thread:
Any thoughts on SNDK now? I am considering putting on a position for the following reasons:
1 - consumer confidence will improve with our apparent military successes, more purchasing of products with the SanDisk label resulting.
2 - from what I understand, memory pricing is stabilizing and/or improving. Whether it is flash memory, or memory of the kind produced by Micron, I'm not certain (I did see 128 meg SNDK flash priced for $60 at Costco, which is pretty soft, IMHO).
3 - Good financials.
Also, FWIW, purchased ALL last week @ $32.24. Reasons:
1 - Just off its 52 W low.
2 - yields more than money market.
3 - brand name company with leadership position in many of its markets.
4 - Insurance pricing is increasing virtually across the board post 9/11, sometimes significantly, per my information.
5 - Claims from 9/11, which weren't huge, have already been paid. Additionally, the hurricane season, which can really hurt insurers, has almost passed, with almost no damage.
5 - Strong financially.
Also, any thoughts on the autos? Probably, my favorite one from a risk/reward standpoint would be F.
Any and all comments appreciated. Thanks! |
