Diamonds and Dogs
04/04/2012SanDisk Corp. (SNDK)
SanDisk is scratched and unreadable today, down 11.07% at $44.51. SanDisk is a manufacturer of flash memory storage solutions for consumer electronics. The company received two downgrades today after cutting their first quarter outlook, stating weaker than expected demand as the cause. Furthermore, SanDisk released that their gross margin is thought to be below the expected range of 39 to 42 percent, as well as their projected revenue of $1.2 billion, down from $1.3-$1.35 billion. Several analysts have changed their estimates for the entire year, based on the change in SanDisk's first quarter outlook. SanDisk is crashing.
SmartHeat Inc. (HEAT)
The heat is turned up today for SmartHeat, up 46.29% at $7.68. SmartHeat manufactures, sells, and services plate heat exchangers (PHE) used in both residential and commercial buildings in the People's Republic of China. The company released its financial results for 2011; it showed a loss for the fourth quarter of $8.82 million due to goodwill. The goodwill it was referring to was buying a company to start SmartHeat Germany, and buying a company for the design of SmartHeat Pump. SmartHeat went on to say that without these acquisitions they would have had operating income of around $3.77 million. The operating income is up significantly compared to the third quarter which showed a loss of $2.54 million. SmartHeat is on fire.