rd4sndk

SanDisk: Citi Analyst Ellis Was Right

Are you kidding me? Ellis and the rest of these missfits have been wrong for as long as I've traded Sandisk. None of them understood Sandisk's business model and gave the company's management no consideration having invented the flash card market.

If you wait long enough, everyones right. Eventually, Eli's decisions broke Sandisk with his ventures into the CE market, web hosting and the inability to move newer technology to the market fast enough to differentiate themselves from the competition.

These are the same analyst that are now telling us that Apple is worth only $130 a share. It's unbelievable that so much of the market is moved by these inaccurate forecast and forecasters. Apple will have over $45billion in cash this time next year and will have 3 new markets to sell its wares. Do we get from these analyst foresight into these new markets and their potential to increase Apple's earnings? No, what we get is a fixation on 10 year old markets and gadgets (ipod) that has topped out in its main markets and showing severe signs of saturation. From these narrow minded misfits come lower revenue and earnings forecast that continue to miss the harbor let alone the boat in accuracy.

I for one will be happy when all analyst are gone. Nothing personal but Craig and his elk do more market harm than good.