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Technology Stocks : Disk Drive Sector Discussion Forum
WDC 150.29+8.8%Oct 31 3:59 PM EST

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To: Mark O. Halverson who wrote (9231)12/16/2005 10:01:09 AM
From: sixty2nds  Read Replies (1) of 9256
 
04:16 WDC Why Western Digital is heading north - BusinessWeek (14.96 )

Inside Wall Street reports Bernie Schaeffer of Schaeffer's Investment Research, which owns Western Digital (WDC) shares, says expanding beyond PCs not only drives growth but also reduces earnings volatility. He expects solid Q4 earnings after profits jumped 126% in Q3 and revenues leaped 23%. Yet Western remains cheap, he says, selling for just 11 times his earnings forecast of $1.36 a share for the year ending June 30, 2007. Schaeffer figures the stock, which hit 54 in 1997, could double in a year.
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