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 Technology Stocks : SanDisk Corporation (SNDK)

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To: clean86 who wrote (52683)4/19/2012 7:53:49 PM
From: SamRead Replies (1) of 54970
 
You got a far better price than I did! I did not expect this vicious a sell off. Oh, well, the company will be able to buy shares back much more cheaply. They still have a very strong cash position and L&R coming in, and they will adjust to this as they did to the '08 crash. As Judy and Sanjay said, this is different from previous turns. They will have to tinker with their business model to adjust to what is happening with cards, but assuming that they get SSDs right, they should come out of it in good shape next year. And they will still make decent money even at the low point in the coming quarter.

At $34/share, they are at about 2x cash and long term investments, net of their convertible debt.
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