The memory industry is becoming less cyclical. As a result, SanDisk is now facing solid growth tailwinds in addition to the fact that they're the best positioned business within the industry. The stock trades at 10x EV/FCF or 10x P/E ex-cash. As I see it, there's serious potential for cash return...
The Memory Industry Is Stabilizing and SanDisk Is Ripe
Published: June 27, 2013