WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 163.00

-0.4%

Nov 7 9:30 AM EST

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franklin1

To: SiliconAlley who wrote (59898)	2/18/2016 2:30:41 PM
From: Art Bechhoefer	1 Recommendation Read Replies (1) of 60323

The $86.50 price for SNDK is justified by the fundamentals; namely, that cash and marketable securities comprise an unusually large part of SanDisk shareholder equity. Buying SNDK provides WDC with a lot of cash to help finance the deal. And remember that as part of the deal, SanDisk stopped paying dividends to its own shareholders, thereby increasing the amount of cash available for WDC when the transaction closes. Check out the latest SNDK financial report and remember as well that, as investor Warren Buffett has often said, a good deal is good for both parties. Art

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