Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. Many tech stocks have taken a big hit in the last few years, including memory maker SanDisk
In our Motley Fool CAPS community, 1,721 investors have given a bullish or bearish opinion on SanDisk. Poring through the detailed information packed in pitches and other comments, I've dug up three of the top reasons why many members consider the stock a buy today.
1. Anticipating growth: The Semiconductor Industry Association recently reported sequentially improving chip sales for the second quarter, and its president forecast a better-than-expected outlook for PCs and cell-phone sales. Taiwan Semiconductor Manufacturing
2. Back to profit: After four consecutive quarterly losses, SanDisk swung to a surprise second-quarter profit, helped by increased pricing and higher royalty revenue. It reported stronger gross margins than in the first quarter and generated higher sequential product sales and license revenue, which validated the bullish logic held by the many CAPS members who are fans of the company's strong intellectual property.
3. Tech comeback: In addition to SanDisk's improving financials, others around the tech industry, such as storage companies Western Digital
Of course, there's a lot more devil in the details of these buy-side opinions, which is why CAPS is such a great resource to check and balance your own analysis. You can read the bullish and bearish sides to every stock. To see what the very best CAPS members are saying now about SanDisk, just click on over to Motley Fool CAPS and have a look -- it's all free, and your opinion's welcome, too.
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