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Compiling comments that experts make about stocks while on public TV.

2016-12-21

Opinion for Western Digital (WDC-Q)

Signal Price Bias Subject Owned
TOP PICK $69.220 UNKNOWN CANADIAN LARGE & iNTERNATIONAL ADR's Yes

A hardware company focusing on memory. Just completed a takeover of their competition Sandisk in May, so they are a sort of the “go to” company now. They have a great customer base including Alphabet, Apple, Walmart. As we use the Cloud more and more, this company is a great beneficiary. Dividend yield of 2.89%. (Analysts’ price target is $77.96.)

Rick Stuchberry
Vice President, Richardson GMP

1 Comment

utiac

December 22nd 2016 at 8:44am

Western Digital is in the data storage business, not the memory business. See their website - https://www.wdc.com/
One could make a technical argument that flash semiconductor memory configured to serve as the mass storage device for a computer (ie, a solid state disk) puts them into the memory business but really that is stretching point.

This company only benefits from "the Cloud" in the sense that those who offer cloud storage solutions might use their data storage products. They also market 'personal' cloud storage which is just the most recent name for a NAS (network attached storage) device.


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