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Technology Stocks : WDC/Sandisk Corporation
WDC 163.00-0.4%Nov 7 9:30 AM EST
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To: joncon63 who wrote (60003)3/15/2016 11:21:28 PM
From: SiliconAlley2 Recommendations

Recommended By
Bruno Cipolla
david1951

   of 60323
 
I have held Sandisk for 18 years. This debt load is nothing, in light of the already strong free cash flow of both SanDisk and Western Digital, and that cash flow will only increase with the synergies involved. We are talking SanDisk technical superiority combined with Western Digital business acumen. In 5 years, with the growth of the Enterprise market, this combined company will easily generate $20/share in EPS. And it will have earned a growth multiple to boot.

I never followed WDC prior to the announcement of the merger agreement. I have held a substantial position in SanDisk, originally intended to vote no, and informed Judy of such. In reviewing the performance of Eli and Sanjay, I eventually concluded this company could not achieve its potential under current management. The more I looked WDC, the more I became convinced that they are the management we need to achieve full potential. While I am still holding some SanDisk shares, I have already exchanged the majority of shares at ratios above 1.7.

I do not consider that I have purchased WDC, but rather that I have purchased SanDisk under new management, at an exceptionally attractive price.
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