Western Digital (WDC) Message Board

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Technology Stocks : Western Digital (WDC)

WDC 163.33

+3.5%

Nov 28 9:30 AM EST

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To: Anne Stehley who wrote (7926)	12/2/1997 4:43:00 PM
From: RetiredNow	Read Replies (1) of 11057

Problem on WDC, Anne, is that the fundamentals have gone down the tubes. They've lowered earnings estimates twice now. If you do some quick back o' the envelope math, you'll see that FY 1998 earnings of $1.27 times standard DD PE of 12, gives you a one year forecasted price per share of $15.24. Hell, even at a PE of 15, the price only moves up to $19. Prospects aren't good on this baby for at least a year, barring any miraculous recovery. There are plenty of hot stocks that are alot safer and provide more upside potential that this one. For instance, you can try CPQ or LU. These stocks will be able to weather the coming storms fairly well. Good luck!

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