"How that grand dark force evil criminal conspiracy you've been ranting about for 10 years"
Usually when it comes to Walturd, I go by the rule those who make an effort to engage an idiot are libel to also be considered one, but I could not pass up the chance.
Seems like the boss, Stephen J. Luczo himself, also appears a little concerned about traders and shill Analysts working together to tank his stock.
Remember these commments from Luczo' April, 2012 Barrons interview?
"Because the drive stocks are not being priced on fundamentals, they being priced by large investment banks for volume, and volume requires volatility"
"So thaat's why all the big firms are in a different camp than the smaller research firms on their perspective of the drive industry. Is it because these are the smart guys, and those aren't? That doesn't make any sense. It is because the banks are MOTIVATED by volatility and the boutique firms aren't. And therefore the research reflects that. So you can create and environment that always creates doubt, with billion dollar market cap swings in a week. It's insane. Why does it work? Beacuse you have traders who loe to make that work"
I always thought those who like to bash others over conspiracy concerns are trying to cover something up.
BTW, as far as Waltie's calls go:
Wasn't he telling us back in November how WDC would outperform STX?
walt - was that supposed to make sense? last i checked the stock has run up about 35% from JPM's price target. no one is suggesting a grand conspiracy. just a bad call. you of all people know what those are like.
I don't fault the guy for making a call and sticking to it, but if you're going to do all that valuation work, how about a DCF? Yes, they're imperfect, but slapping a range of multiples (pulled from where exactly?) on a matrix of ebitda and eps scenarios is even less perfect.
Mark continues to be an almost perfect negative barometer in his calls and he either is being purposely motivated in a way that others appreciate his poor calls or he must have some great embarassing photos for him to keep his job with such a consistent record of poor performance.