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While maintaining an Outperform on SanDisk (SNDK -4.8%) due to its exposure to high-growth...

While maintaining an Outperform on SanDisk (SNDK -4.8%) due to its exposure to high-growth markets, RBC's Doug Freedman thinks investors should wait for NAND flash prices to stabilize before buying in. Though management told Freedman spot pricing for some low-density NAND parts has firmed, retail pricing continues to be weak. On Tuesday, Freedman suggested Samsung's efforts to limit NAND supply are bolstering prices.
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