Sandisk = Bullish (At least for now)
I am still very bullish on $SNDK.
I know it has gone up a lot—over the last year, the stock is up by 1,000%—but I still see a lot of room to grow. Let me tell you though, $SNDK is one of the swingiest, most volatile stocks I own.
I don't mind the ups and downs because I’ve been using SanDisk products since I was a kid, and the company has very strong financial fundamentals.
That is why I keep buying $SNDK almost every single week.
- The company has seen massive jumps in revenue and record demand for its data storage products.
- Even with the big price swings, it trades at a fair valuation (around a 20x forward P/E ratio), meaning its growth is backed by real earnings.
- With a massive market cap of over $215 billion, it is a dominant player in hardware.
How do you usually handle high-volatility stocks in your portfolio? Are you buying the dips, or taking profits?
