Is Sandisk a Millionaire-Maker Stock?
Key takeaways
- Those who did, or were lucky enough to buy shares on a bit of confidence, might already have been made millionaires -- a $25,000 investment at the time of the spinoff is worth nearly $1.2 million today.
- But now that the secret s out, and millions have already been made, is Sandisk still a millionaire-maker stock?
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
SNDK NVDA WDC When Sandisk (NASDAQ: SNDK) was spun off from Western Digital last year, it was generating solid, steady revenue, and most investors could not have anticipated that it would accelerate to 250% revenue growth with a mind-boggling 4,600% stock gain just a year and a half later. Those who did, or were lucky enough to buy shares on a bit of confidence, might already have been made millionaires -- a $25,000 investment at the time of the spinoff is worth nearly $1.2 million today.
It s the stuff investor dreams are made of. But now that the secret s out, and millions have already been made, is Sandisk still a millionaire-maker stock?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »