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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (13320)	11/13/2001 5:36:14 PM
From: Wallace Rivers	Read Replies (3) \| Respond to of 78717

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!