Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 157.75

+1.5%

Nov 26 3:59 PM EST

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To: steve goldman who wrote (7794)	11/22/1997 8:21:00 PM
From: Pierre-X	Read Replies (3) of 11057

Re: Multiples According to Zacks: _ The 5 year average multiple for WDC is 11.6. The ttm high is 25 and low is 7. _ With expected 98 earnings adjusted to around 1.50, at Friday's close of 21 15/16 gives a 98 multiple of 14.6, a relatively rich multiple for WDC. It's not impossible for the share price to fall to 10 times 98 = $15. That's my target for doubling down. We still have a few more downward earnings revisions and perhaps downgrades to surface until all the analysts have arrived near the 1.50 number. These will continue to keep the share price down, while there is no imminent positive news. Year end tax selling could also add negative pressure. PX

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