sndk !!!

S

scriabinop23

Whats my luck this past 3 weeks.

First MOT (earnings warning)...

... then AAPL ...

.. then INTC

... now SNDK

Anyone still like this stock?

Its dirt cheap right now.
 
perhaps i'm dense, but i don't realize why it continues to fall. With a fourth quarter profit that beat expectations by 20% (if you substract the acquisition costs) and record revenue, why would it have fallen 10%?
 
Quote from jhaski:

perhaps i'm dense, but i don't realize why it continues to fall. With a fourth quarter profit that beat expectations by 20% (if you substract the acquisition costs) and record revenue, why would it have fallen 10%?
More...

the guided a bit lower for q1.. but a slow q1 is a given. i thought next year is what matters here...
 
Quote from jhaski:

perhaps i'm dense, but i don't realize why it continues to fall. With a fourth quarter profit that beat expectations by 20% (if you substract the acquisition costs) and record revenue, why would it have fallen 10%?
More...

They swung to a Q1 loss, and they said there is an ongoing (and building) glut of flash chips.

http://www.thestreet.com/_dm/newsanalysis/techsemis/10335842.html

The stock is dead money for some time, IMHO, and will probably fall further.
 
Never bet on earnings is not the right attitude I always make bets on earnings- just not on SNDK. Take a look at a site where you can overlay earnings reports and see SNDK has a habit of selling off violently after earnings reports.
 
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