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SanDisk (SNDK +3%) rises after BofA predicts the company's bottom line will show a cyclical...

SanDisk (SNDK +3%) rises after BofA predicts the company's bottom line will show a cyclical improvement in 2H and 2013-14 thanks to supply constraints for competitors (i.e. Samsung) and new products (MacBook Pro solid-state drives are cited as an example). The firm is lowering its PT to $56 from $64, but that's still 53% above current levels. SanDisk shares have been pressured by a major drop in NAND flash memory prices, and concerns about slowing smartphone growth.
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Comments (1)
  • Peled111
    , contributor
    Comments (43) | Send Message
     
    I am C.P.A and i have my own office in israel
    It looks that San disk is a very good buy in this price
    I read the last balance of San disk and i am sure that this company is under valued
    The new Contract which they signed in the SSD field and the growing demand for tablets and smartphone will raise the sales cycle of Sndk for the the second half of 2012 and 2013 ,2014
    56$ look as a right value for this company
    Nachum peled
    15 Jun 2012, 02:19 PM Reply Like
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