What are all of you smoking with this talkabout a Sandisk buyout?

You have to look a the sandisk financials before venturing into the land of the dreams.

They have a current market cap of approx 9.5 billion, and equity of approx 7 billion. Revenues over the last three years average 4.7 billion and net income averages 901 million. Outstanding shares of approx 240 milion.

At a 4:1 split you are talking about another 73 million shares or a value of 2.9 billion. Over the last 5 years the net income total was 908 million. I doubt any company would offer more than a dollar or two. Of course if Nunchi was on going and contributing hundreds of muillions of dollars, then we nay have a different story, but not based on estimates of what might happen over the next 5 years.

I'll bet on a settlement in the range of 5-20 million, and if more I'll be ecstatic.