Added SNDK last week. Stock was priced fo r a big qtr. going into recent earnings. Had a good qtr., but was not good enough to retain momentum. At this point the stock looks like it has sold off more than enough to reflect results. Quite a few catalysts here and I view concerns of Zune competion are largely overdone.
The gadget Xmas season will be strong, Zune will have little to no effect on SNDK prdts and the benefits of merged FLSH will show up in 2007 results.
Long SNDK
Sunday, November 19, 2006
SNDK selling looks overdone.
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