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Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?


To: Kenwood Sun who wrote (7929)12/2/1997 5:28:00 PM
From: Sam  Read Replies (2) | Respond to of 11057
 
One is waiting for single digits, another for pennies. Sounds awfully close to a buy to me.



To: Kenwood Sun who wrote (7929)12/2/1997 5:31:00 PM
From: Shi  Read Replies (2) | Respond to of 11057
 
This is a $10--$15 stock. Their $90 million charge is about
$1. a share. They said they would probably have modest
profit in FY1998. Say $.50, that is $1.50 excluding charge.
Give it a PE of 10 it is worth $15. If it goes near $10 it
could be a take over target, but I don't think the offer will
be much higher than $15.

Still need to wait. Six months maybe.

shi