The news release on the He drives sounded positive to me and I anticipated a positive effect on the share price. The trend today again seems to reflect some sort of contrived bad news bad news. WDC has made some great moves and this carnage cannot last too much longer unless the numbers are completely ignored
This is obscene. Working together to sell shares to their friends at below market price, with I am sure some sort of unwritten agreements that they can buy them back once they have driven the share price down so they can all make lots of money when the next earnings report comes out. Does not help the small investors since the rebounded price simply gets back to where it was before the MCV took place.
Is there a possibility that the $23M savings will be accounted for in a different way than the $37M refi fee so that the net negative differential will be less than $14M? I am not an accountant and this may be wishful thinking.
Does this buyout set up TDK as sole source to WDC and STX for the suspensions? Does not sound like a great situation for WDC/STX to be in from the standpoint of TDK possible manufacturing issues and even pricing
"Or do all those Wall St market levers have a master handle?"
Great post. Your observations bear out the herd mentality of Wall Street.
Grand Canyon description well said.
OT Go Harvest buoy.! Just checked Harvest out. Had no idea that the buoys were used in this manner. Air temp 30deg F? I see it is W.NW of Santa Barbara by some miles but that cold?
I saw the Longbow upgrade on the 13th. The Goldman downgrade seems even more contrived in light of the upward momentum going on. What do the IB's have against WDC?
Just checked it out. Unbelievable maneuvers on the short boards.Had not seen this type of competition before. San Clemente, not far from Camp Pendleton where I spent some time. California dreamin'. What a great place to be.
Are you in that area or a bit further south in San Diego?
I have not heard any news or analysis regards the Citi Investor confereence held on Sept 7th. Was there perhaps something said there that may have precipitated today' 3.52% haircut?
Future forecast for data storage leads me to think that the downgrades are wrong.
"According to IDC, global data generation is estimated to be doubling approximately every two years. In addition, organizations focused on leveraging the huge data sets they manage with advanced big data computing and analytical technologies, which are estimated to represent a $32.4 billion market, growing at 27 percent annually. IDC believes the data storage market as a part of big data will experience 53 percent annual growth. UNIS WDC is designed to help organizations manage the volume, velocity and variety of data that is transforming the IT landscape and supporting storage ecosystem."
Agree, No worse and far less costly than my decision to sell STX at $19 a few months ago. Bought dollar equivalent of more WDC at $35 but still behind at least in the short term on that decision especially when considering the dividend loss. Nice to hear from you. Hope you have been sampling some waves.
It would be great to see the share price at 100 way ahead of your 2017 expiration date. How far into 2017 did you go with the LEAPS?