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Actionable news in SNDK: SanDisk Corporation,

SanDisk Stock Can Climb on Improved Flash Memory Market

Shares of memory chip maker SanDisk (SNDK - Get Report) have skyrocketed almost 20% in the past five days and 40% over the past month. It would seem, based on the better-than-expected results released from rival Micron Technology (MU - Get Report) , SanDisk investors have grown more optimistic about the DRAM (dynamic random access memory) business -- an important profits producer for SanDisk.

In addition, SanDisk recently hired a bank to explore a possible sale, Bloomberg News reported last week.

Despite the recent stock gains, however, the company's stock is still down some 25% on the year and 12% in twelve months. The Milpitas, Calif-based storage specialist, which competes with Samsung (SSNLF) , reports third-quarter earnings after the closing bell Wednesday. True, revenue and earnings have been hard to come by. But there's still tons of value in these shares.

STOCKS TO BUY: TheStreet...


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