Long term, SAN is a steal at current prices.
posted on
Oct 28, 2008 07:11AM
"Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value. Indeed, the policies that government will follow in its efforts to alleviate the current crisis will probably prove inflationary and therefore accelerate declines in the real value of cash accounts. Equities will almost certainly outperform cash over the next decade, probably by a substantial degree.” Warren Buffett
In this market of stocks, SAN will, over time, prove prove to be an allstar!
One year, as Brent Cook has proffered, isn't by any stretch, long term!
Analysts, generally, over the long term have a dismal record. Their advice on Nortel and untold others led many that followed into the poorhouse.
Having said that, most feel comforted by their prognostications.
The present "buy" on SAN can't be overstated, an understatement soon to be proven all too true!
RUF