完全に既出なんだけど

飲食多角化、売上高10倍へ　トレイルヘッド、M&A進め5年で
新事業などに40～50億円　ラーメン海外展開拡大
2026/2/11付日本経済新聞　地域経済
「九州筑豊ラーメン山小屋」を展開するTrailhead Global Holdings（トレイルヘッド・グローバル・ホールディングス）は、飲食事業のM&A（合併・買収）で多角化を進める。焼き肉などの新事業とラーメン、海外事業の3本柱に5年で40億～50億円の成長資金を投じ、2031年3月期の売上高を現在の10倍以上の200億円に引き上げる。
https://www.nikkei.com/nkd/company/article/?DisplayType=1&ng=DGKKZO94336390Q6A210C2LXC000&scode=3358&ba=1

Citron is Short $SNDK — They Don't Ring a Bell at the Top
We don't need Anthropic to announce they're making NAND. Samsung is already the 800-pound gorilla, and they've been running this playbook for 30 years.

While TV pundits pound the table herding retail into cattle cars, Western Digital, the long time investor, sold a significant portion of its holdings days ago, 25% lower.

Ask yourself why. Because they know the cycle is approaching a peak, and they're not waiting for the bell.

The market is pricing SanDisk like it's $NVDA. There's one problem: NVIDIA has a moat. SanDisk sells a commodity.
We've seen this movie before 2008, 2012, 2018. It's never different this time. Memory is a cycle, and cycles peak.
Samsung has a 30-year history of choosing market share over margins. They wait for pure-plays like SanDisk to get comfortable at 50% gross margins, then flip the switch. But this time it's worse. Every $SNDK bull should read attached article Samsung just told the world they won't sell anything under 50% margins and they're moving their best chips into the same premium SSD market SanDisk calls home. They're not just the capacity gorilla anymore. They're going after SanDisk's best customers with cheaper, newer technology. And the only thing keeping supply tight right now? Samsung's temporary yield problems in another product line.
That bottleneck has an expiration date.

With double the capacity of the 2018 peak waiting in the wings, this "shortage" is a supply mirage that can vanish in a single earnings call.

Hockey shout-out: Shorting $SNDK is skating to where the puck is going. By the time the cycle normalizes, this stock will already be much lower.

https://x.com/citronresearch/status/2026304998146015681?s=46&t=GrsizR0Y2dZ3Q30UitZoyw