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Ed,
I don't have SNDK in my database, but took a quick look at it on
Telescan. From a fundamental viewpoint, I like the 73% insider ownership,
last years revenue growth of 53%, and EPS growth of 37%. The PE at 21 is not
too high considering the EPS growth. The only real negative is that the Price
to Sales Ratio (PSR) which I use as a first filter is just a little high at
2.85. My search criteria drops all stocks with PSRs above 2.1.
From a TA viewpoint, I wouldn't be in it yet. It is still in an
Intermediate Term Down Trend Channel formed from the Sept 96 and Feb 97 highs.
The top of that channel is at 12.84 and I'd want a break out on good volume
before I got in. Having said that doesn't mean that it won't break out <G>.
I hope it does and if it does you are in at a good price.
Best of luck!
Jim
-----Original Message-----
From: Ed Hessler
Sent: Thursday, May 15, 1997 8:16 PM
To: metastock list
Subject: SNDK?
>From Ed Hessler
I looked at Sandisk (SNDK) and observed that it was coming off a low. I
purchased today at $11.75. Anyone else agree?
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