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Western Digital (WDC +8.4%) and Seagate (STX +4.6%) are up strongly in the absence of major news...

  • Wednesday, December 5, 2012, 1:57 PM ET
    Western Digital (WDC +8.4%) and Seagate (STX +4.6%) are up strongly in the absence of major news hitting the wires. WDC announced yesterday morning it would accelerate a dividend payment, but shares hardly budged in response. Low valuations - the hard drive makers both trade near 5x estimated FY13 EPS, and have sizable cash balances - could be enticing bargain-hunters. (previous)
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This news story has 4 comments:

  •  
    I love mysteries.
    5 Dec 2012, 02:47 PM Reply Like
  •  
    Flash will take over disk drives.
    5 Dec 2012, 11:23 PM Reply Like
  •  
    the was a baird column that said channel inventory was down to around 2 weeks. and it recommended purchase of wdc.
    6 Dec 2012, 02:57 AM Reply Like
  •  
    baird, i think, put out an update. it said channel inventory was only 2 weeks. very bullish
    6 Dec 2012, 02:57 AM Reply Like
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