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Technology Stocks : WDC/Sandisk Corporation
WDC 222.28+0.1%2:02 PM EST
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To: pompsander who wrote (25571)4/14/2004 9:27:48 PM
From: Art Bechhoefer  Read Replies (3) of 60323
 
I understand that Cramer on CNBC made quite a few disparaging remarks, which may have helped the stock drop after hours. SanDisk typically gives very conservative guidance. Assuming that the stock could easily trade at a forward looking PE of 30, and taking the lower of estimated revenues for 2004, the lower range of margins, and a tax rate near 37 percent, one can estimate earnings somewhere between $1.60 and $2.00, which would justify a price roughly double the present value.

I don't see much else around that could double by the end of the year.

Art
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