Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: pompsander who wrote (25571)	4/14/2004 6:06:48 PM
From: limtex	Read Replies (1) \| Respond to of 60323

This is kind of reaction is becoming a habit and sooner or later people will get fed up with it. The stock is now lower than it was before the LAST qtrs fantastic earnings<g> Best, L

To: pompsander who wrote (25571)	4/14/2004 9:27:48 PM
From: Art Bechhoefer	Read Replies (3) \| Respond to 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