Read More Here: Tech Trader Daily - Barron’s Online : SanDisk: Breaking Covenants? Negative Cash Flow? Buy!: "Shares of flash memory maker SanDisk (SNDK) are jumping this morning, which may seem strange given that the last official word from the company, back on July 21, was an extremely nasty June quarter report that consisted of missing estimates, pushing out production, and seeing margins brought down by inventory write-downs.
Sounds like a buy? Well, I chatted with R.W. Baird & Co. analyst Tristan Gerra this morning, who says he thinks the jump is about folks assuming the worst is in the stock. “Investors may think worst news for the year. Maybe incentive to buy on the bad news,” opines Gerra."
Thursday, 7 August 2008
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