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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: TraderXx who wrote (10630)4/25/2000 6:38:00 AM
From: Ausdauer  Read Replies (1) | Respond to of 60323
 
Ausdauer...am I reading the fundamentals on SNDK as having a P/E of 26.5??...Is there something I am misreading, because it looks to be very attractive as these prices.

I think a PE of 26.5 is a bit too bullish. Did you factor in the split from earlier this year? My forward PE is around 70 based on yesterday's closing price and an estimate of $1.20 for 2000 EPS. If we have 20-24% Q-to-Q growth for the remaining 3 quarters that gives us a PEG ratio of well under 0.7 if my math is correct.

Ausdauer



To: TraderXx who wrote (10630)4/25/2000 11:49:00 AM
From: Bargain Hunter  Respond to of 60323
 
am I reading the fundamentals on SNDK as having a P/E of 26.5?

Sounds like your source has included the one-time gain in the most recent quarter's earnings. See earlier posts for a brief discussion of whether that is appropriate.