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Technology Stocks : Western Digital (WDC)
WDC 169.81+0.5%3:59 PM EST
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To: Harry Stein who wrote (7348)11/10/1997 8:06:00 PM
From: Brian Lempel  Read Replies (2) of 11057
 
Harry, 12 is unrealistic given that WDC has something like an $11 book value. Not only that, but as long as they remain cash flow positive, this will keep rising.

I find it unlikely we will even reach the teens. This is pretty much as bad as it gets. We should only be so lucky as to get the opportunity to buy such high quality companies at such a low price. We will know a lot more about the future next week.

Good luck,

Brian
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