SanDisk Corp. (SNDK)

[chmcnfunds]

2 Undervalued Storage Device Makers To Pick Up Now
1 comment | January 9, 2012 |

Concern about a worldwide slowdown in consumer tech spending seems to be ebbing along, with less worry about supply disruptions from the Thai flooding. Two storage device makers look interesting at these levels.

SanDisk (SNDK) –

“SanDisk Corporation designs, develops, manufactures, and markets NAND-based flash data storage card products that are used in various consumer electronics products. The company offers removable cards under the SanDisk Ultra and SanDisk Extreme brands; embedded products under the iNAND brand; universal serial bus (USB) drives under the Cruzer brand; flash-based digital media players under the Sansa brand; and wafers and components”. (Yahoo Finance)

4 reasons Sandisk is worth more than $50 a share:

The median analysts’ price target on SanDisk is $59. Sterne Agee also just upgraded the stock to a buy.

The company has beat consensus earnings estimates each of the last six quarters. Its average beat over consensus during the last four quarters is 11%.

SNDK has a forward PE of under 10 and its five year projected PEG of just .6.

Sandisk should benefit from the iPad launch, as well as a whole slew of ultrabooks later in the year.
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http://seekingalpha.com/article/318180-2-undervalued-storage-device-makers-to-pick-up-now

SNDK