WDC, NAND, NVM, enterprise storage systems, etc. Message Board

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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 224.93

+12.3%

3:34 PM EST

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To: sndk1000 who wrote (3525)	3/7/2018 3:55:24 PM
From: bigchad	Read Replies (1) of 4828

You have no idea what's causing the recent price increase? Maybe it's because the price was artificially depressed for so long due to various factors like the Toshiba fiasco and bullshit research notes from Morgan Stanley analysts that people have had enough and it's finally started to move closer to fair value. It's still below where it was 9 months ago when they first announced they would earn $12 a share for the year (up from most people's expectations of around $8 per share at the time) and several analysts came out with upgrades at the time with much higher price targets. Remember that? Now 9 months later they are expected to earn closer to $15 a share with the interest savings ($3 above the blowout guidance they provided 9 months ago that totally shocked everyone) and you have no idea what's causing the recent price increase. I have no idea why the stock isn't at $120 already but all in due time I guess. Look for a continuation of recent trend.

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