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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: Art Bechhoefer who wrote (60036)3/31/2016 2:15:21 PM
From: SiliconAlley4 Recommendations

Recommended By
BeenRetired
joncon63
Sam
savolainen

   of 60323
 
"Junk" and "junk bonds" are two different things. No one invests billions of dollars in "junk." Good the the underwriters understand risk - they are clearly doing the job they are supposed to do. They have priced this at a level that will sell quickly, so that WDC can consummate the Sandisk close in a timely manner. If you are motivated to sell a car, you're not going to hold on to it until you can receive top dollar. The goal of WDC is to close the "steal of a deal" ASAP, not to minimize their carrying costs. I applaud WDC management for its wise moves, and disappointed in SNDK management's inability to take this company to the next level on its own.
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