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Western Digital (WDC): FQ1 EPS of $2.36 beats by $0.06. Revenue of $4B (+50% Y/Y) in-line....

Western Digital (WDC): FQ1 EPS of $2.36 beats by $0.06. Revenue of $4B (+50% Y/Y) in-line. Shares +1.4% AH. (PR)
Comments (2)
  • Sunil Shah
    , contributor
    Comments (584) | Send Message
     
    They lowered production to maintain profitability! 62.5m units this qtr versus 71m in june. This stabilised ASP to deliver a gross margin of 29.6% in an anemic environment. Excellent discipline in the new paradigm of consolidation. After cash on B/S, it is now on a price/cashflow of between 2 - 3. Strong buy
    22 Oct 2012, 04:59 PM Reply Like
  • Sunil Shah
    , contributor
    Comments (584) | Send Message
     
    market worried about one quarter and marks it down. Marks it down when on a PE of 3-4. Laughable.
    22 Oct 2012, 05:21 PM Reply Like
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