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June 5, 2006
Bear Stearns likes the SanDisk, Mon., June 5, 2006, 8:02 AM
After I obtain it, I'll append the Bear Stearns very positive report on Cara 100 company SanDisk.
Update - 9:48am: Download Bear Stearns June 5 report on SNDK.
Bear Stearns upgraded SNDK from Peer Perform to Outperform, which will help the stock immeasurably. Remember, this is a 12-month call, and my concern is what a bear market will do to this stock.
But yes, I love the company and the flask memory business. I just wish that management had been more forthright as to the collapse in their pricing power in the past year. Moreover, if there is an economic recession or stagnant period, the SanDisk products, being discretionary spending items, are the first to get left on the retailers shelves.
GICS 45 SanDisk Corp. (SNDK) (SNDK) Financial Data
Posted by Posted by Bill Cara on June 5, 2006 08:02:29 AM | Category: 45 Info Technology , Cara Global 100 Best Companies