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Robert McWhirter Sandisk Corp SNDK-Q COMMENT Aug 02, 2013

Ranks in the top quarter of his database. Near-term earnings have been huge and are expected to be up significantly in the coming quarter. PE at 12X is interesting. Hopefully they use their cash to buy back stock or do some interesting things. Cash per share is significant at roughly $4.40. Looks like earnings growth is going to slow dramatically in 2014.

Robert McWhirter

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$58.300

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SELL

(Market Call Minute.) Although they make great products the memory chip business is a terrible one to be in. End markets are bad.

DON'T BUY

If they can pull back above $13, it will probably rally up to $17.50. Stock is too choppy for him. Thinks it will go down to $10 and may be even $8 before it goes higher.

SELL

Model price is $1.25, a negative differential of 86%.

PAST TOP PICK

(A Top Pick Jan 23/08. Down 55.8%.) Did quite well shortly after he picked it. Horrific 4th quarter. Too much product on the market now.

PAST TOP PICK

(A Top Pick Dec 3/07. Down 57.35%.) Flash memory. Would stay out of this.

DON'T BUY

A player in a commodity business where margins are limited and potential competition. Range bound in the $40-$45 area, which could be underpinned by deals for companies. Could be a little extended but not overly extended. CEO has announced retirement.

TOP PICK

World's largest supplier of flash memory data storage products. Cards for mobile phones, digital cameras, camcorders, new tablets, etc. More than 2 dozen companies coming out with new tablet form products and they will benefit. 6 consecutive quarters of positive earnings surprises. Trading at only 9X forward earnings.

WAIT

Very cyclical. We are looking at the peak of their cycle. They are in a good position for the next 2 or 3 quarters. It’s a good company. Buy it when people don’t like it.

PAST TOP PICK

(Top Pick Sep 16/10, Up 15.70%) Decided to take profits. Still likes it. It is a good name. Will benefit from memory demand for smart phones. A great brand name.

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Robert McWhirter Sandisk Corp SNDK-Q COMMENT Aug 02, 2013

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