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.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.