Can Sandisk (SNDK) Justify Its Price On Future Cash Flow?

Sandisk has swung from a steep selloff in recent weeks to headline-grabbing gains over the past year, which puts a sharp spotlight on whether the current share price lines up with the cash the business can generate over time. The stock has surged about 601.5% over the past year, so a lot of future cash flow is already being treated as if it might show up. Recent reports of sharply higher revenue, stronger margins and booked customer commitments for future bit shipments can support a richer...