$SanDisk Corp.(SNDK)$ It's starting to look seriously interesting if even part of this FCF strength proves durable. The company just generated roughly $7.1B in quarterly free cash flow, or around $45.70 per share. And yet the stock is still trading nearly 50% below its recent high. That's the disconnect I'm watching. Obviously, one quarter doesn't prove a permanent FCF run rate. But if even a meaningful portion of this cash generation sticks around, the current valuation starts looking very hard to ignore.
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