How soon will there be a defense of SanDisk (SNDK)? We have had a whole morning when no one yet has come out and defended this company's stock, which is rather amazing, as amazing as the three different shortfall announcements we have had to deal with.
SanDisk, like Qualcomm (QCOM), is always defended by analysts. They are moths to flame. We never seem to get the "I give up already" with this flash provider. There are always defenders who say "wait until you see the next products," or "don't worry about the customers," or "it's all good and we are simply getting a ridiculous overreaction."
I have watched the unbridled love for this stock and yet have endlessly wondered why the Avago (AVGO)/Cypress (CY)/Skyworks (SWKS)/NXP Semiconductors (NXPI) contingent never got the support on their way up. Here are companies that are deeply linked with connectivity, with the internet of things. They have figured out how to be in the connected car and the connected home. They recognize that there could be a tremendous explosion in point-to-point use; some, like Skyworks, say it could be as great as 70 billion connected devices by 2020. That's what the analysts should be keying on. Not flash memory.
But they can't help themselves. Now, I am sure someone will come to their senses and downgrade, but the vast majority will reiterate, and some who have taken it to a hold will go to a buy.
Can someone please tell me what the hold this company has on analysts is? Do they have pictures of analysts in compromising positions? Frankly, I have no other explanation.
Random musings: are you using the "Follow" button to zoom in on your favorite writers here? I do; I love the stuff being pushed to me.