“3 Stocks to Buy & (3 Stocks to Sell) Before October Ends”Morning Star
SNDK is a sell; growth driven by temporary price spikes in commodity memory is unsustainable.
And now, folks, the first stock we recommend selling from Morning Star is SanDisk. Its figures seem almost unreal. Revenues rose by 372% with a staggering gross margin of 84%, up from just 26% a year ago.
Guys, gross margin means that for every additional unit they sell, and for every dollar that comes in, 84 cents of that goes directly into net profit before taxes and general expenses.
Compared to a year ago, the percentage was 26%. This is enormous.