Down 48% From Its All-Time High, Sandisk Stock Is a Brilliant Buy Right Now
Sandisk's share price has fallen dramatically from its June highs, even as its business remains strong.
Overview
Sandisk (NASDAQ: SNDK) has had an incredible run over the past year. At its peak in late June, the stock was up over 5,438%, but it has given back a lot of those gains since the calendar flipped past June. Now, it's down around 48% from its all-time high.
Many investors are now wondering if Sandisk's stock bubble has burst, warranting the sell-off. On the flip side, this could just be a case of investors taking profits on a huge winner. That would make it a stock potentially worth buying on the dip.
Details
I think Sandisk stock still has a lot of long-term investing merit, and a rally could be coming in the future that will return it to all-time high levels. Let me explain.
Source
Originally published at www.fool.com.