WDC. For me, the way I'd look at it, if I were considering a buy, I'd say WDC is cheap on a roe:p/e basis. It's a buy.
Otoh, the stock is up near highs and it's not been a steady climb. If you bought in '09-late '12, depending when you bought, maybe you'd have to have held a couple-three years to see a decent gain (when the stock moved up from late '12.) Or trend-trade the stock.
finance.yahoo.com
So maybe this could again turn out to be one of those cheap stocks where fundamentals continue positively, yet the stock lags.
For me, I'd consider that this stock may have moved up with everything in the market, and may move down with it too, if the market corrects.
Another way I'd look at it is that I'd not want to pay more than 2x stated bv for the stock, based on some metrics/formula I sometimes use. That means I'd be nervous paying now about $68 for a 2xbv = $73 dollars. At $73 I might want to be a seller, depending.
Well that's how I look at it if I were to be a buyer now. However my buys were 9&10/ 2012, and I'm content to just continue holding. Which I'll do. Not planning to add to the position.
All jmo, given my situation/viewpoint. Others may see the stock differently. |
