Western Digital Corp

$ 43.45 0 (0%)
On watch
Volume: 4,347,789 Avg Vol (1m): 6,088,007
Market Cap $: 12.73 Bil Enterprise Value $: 19.63 Bil
P/E (TTM): 86.90 P/B: 1.24
Earnings Power Value 3.08
Net Current Asset Value -26.7
Tangible Book -6.09
Projected FCF 96.72
Median P/S Value 56.74
Graham Number 0
Peter Lynch Value 0
DCF (FCF Based) 65.63
DCF (Earnings Based) 5.35
1Y (-%)

GuruFocus Articles Total 125
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Guru stock highlight

Western Digital (WDC) was the Fund’s worst performing holding in the last fiscal year (it detracted 2.93% from performance), but rallied 31% in 1Q 2019. The Fund’s Western Digital investment contributed 1.44% of the Fund’s Q1’2019 returns. As the stock price went lower in 2018, we increased the Fund’s share count by 33% into the weakness. We thought now would be a good opportunity to review our investment thesis, talk about what we got wrong, and why it is our biggest position today.

Investment Thesis

Western Digital is a market leader

33 Views    Holly LaFon    2019-04-17 19:56
Discussion of holdings and markets

March 31, 2019 marked the end of the [url=http://www.gurufocus.com/StockBuy.php?GuruName=FPA+Capital+Fund]FPA Capital Fund[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=FPA+Capital+Fund]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=FPA+Capital+Fund]Portfolio[/url]), Inc.’s (“Fund”) fiscal year 2018. US stocks were very volatile during the second half of the fiscal year. The Russell 2500 was down 18.49% during the fourth quarter of 2018 and was up 15.82% during the first quarter of 2019.

Being an absolute value investor continues to be challenging. The chart below depicts the forward price-to-book of companies in the value index versus the growth index. The spread widened from about -0.5 at the height of great financial crisis to about -2.2 today.1 The lower the spread,

40 Views    Holly LaFon    2019-04-17 19:46

NEW YORK, April 16, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of Rite Aid Corporation (:RAD), Infosys Limited (:INFY), Morningstar, Inc. (MORN), Western Digital Corporation (WDC), Hemispherx BioPharma, Inc. (:HEB), and Chanticleer Holdings, Inc. (BURG), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links below.

RAD

0 Views    Marketwired    2019-04-16 16:01

NEW YORK, Feb. 27, 2019 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Microsoft Corporation (MSFT), Western Digital Corporation (WDC), The Kraft Heinz Company (KHC), Oracle Corporation (:ORCL), Liberty Property Trust (:LPT), and Medtronic PLC (:MDT), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links

0 Views    Marketwired    2019-02-27 17:04

NEW YORK, Dec. 10, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Esterline Technologies Corporation (:ESL), Western Digital Corporation (WDC), Canadian National Railway Company (:CNI), AGNC Investment Corp. (AGNC), Wipro Limited (:WIT), and Helmerich & Payne, Inc. (:HP), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the

0 Views    Marketwired    2018-12-10 17:04
Guru stock highlight

Why it was purchased: The position in Western Digital (NASDAQ:WDC), a hard-disk-drive company, was initiated in December 2016, a year after the company acquired SanDisk, a flash memory (NAND) company. (SanDisk had been in the portfolio). In addition to deal synergies, the acquisition seemed likely to render Western Digital’s gross margin profile less cyclical than it had been in the past, as an improved industry structure could potentially lead to higher trough margins in Western Digital’s cyclical growth.

Why it has not worked this year: The stock underperformed from late March through late

41 Views    Holly LaFon    2018-12-05 20:08
Discussion of markets and holdings

Investment Overview

Fund of America Class A shares (without sales charge)* declined -0.67% in the third quarter, underperforming the S&P 500 Index, which returned 7.71%.

For both the quarter and the year-to-date period, our perfor-mance was very disappointing. We attributed this to three primary factors:

Growth over Value: As in the first half of the year, the US equity market’s performance continued to be dominated by growth stocks during the quarter, although some rotation out of these growth names did appear to occur during September and the early days of October.

Stock Selection: Of the 10 largest positions in the

164 Views    Holly LaFon    2018-12-05 19:45
Guru stock highlight

Western Digital (NASDAQ:WDC)’s stock price was down 23.73% in the third quarter of 2018 and was the largest detractor of performance for the Fund this quarter. Whenever we see such a big move, we like to take a step back and reevaluate our investment thesis. As part of that process, we seek a deep understanding of the bear case, such that we can articulate the bear case even better than the bears can – a process known as ‘straw manning’.5 If we truly understand the bear case and can pose cogent arguments against its core points, we think this

102 Views    Holly LaFon    2018-11-05 20:20
Discussion of markets and holdings

The FPA Capital Fund (Trades, Portfolio), Inc. (“Fund”) was down 0.61% (net) in the third quarter of 2018. As we wrote in our last quarterly letter, even though the Russell 2500 index’s year-to-date performance is strong at 10.41%, most of that performance is coming from Russell 2500 Growth stocks. The Russell 2500 Value index is up only 5.75% for the year.

Our Commitment to Fellow Shareholders

September 30, 2018 marked the first anniversary of the portfolio management change initiatives we instituted. The changes we committed to were:

  1. Avoid position inertia
  2. Be more nimble
  3. Differentiate between long-term
114 Views    Holly LaFon    2018-11-05 20:00

NEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Waters Corporation (:WAT), W.R. Berkley Corporation (:WRB), United Parcel Service, Inc. (:UPS), Western Digital Corporation (WDC), Torchmark Corporation (:TMK), and Tennant Company (:TNC), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links below.

WAT

0 Views    Marketwired    2018-11-01 16:03
If you feel that most of the capital-gains potential has been squeezed out of the stock market, you may be interested right now in stocks with dividend appeal

If you feel that most of the capital-gains potential has been squeezed out of the stock market, you may be interested right now in stocks with dividend appeal.

That can include stocks with above-average dividend yields, or good dividend growth rates, or both.

In addition to beefing up an investor’s total return on a stock, dividends can be a sincerity barometer. When a board of directors hikes the dividend, it usually believes that earnings progress is sustainable.

Here are five stocks that I think have dividend appeal now.

Cummins

Cummins Inc. (CMI), a leading maker of diesel engines, is

575 Views    John Dorfman    2018-10-09 20:11

Delivers 55 percent growth in software business year-to-date and is cash flow positive for quarter ending Sept. 30. Company receives strategic investment from Western Digital Capital

NEEDHAM, Mass., Oct. 09, 2018 (GLOBE NEWSWIRE) -- Kaminario, a leading cloud storage software company, today announced the company grew its topline software business more than 55 percent during the first nine months of 2018, relative to the same time period in 2017.  In addition,  the company has been operating with positive cash flow for

0 Views    Marketwired    2018-10-09 16:07
Some quick thoughts I’ve been having the past few days

Some quick thoughts I’ve been having the past few days as I’ve been looking at Western Digital (WDC) and doing some catch up.

Unlike many people, I prefer to use a desktop computer. I guess it carries over from my nerdy teenage years where I would build and upgrade my own computer.

Over the past week, I could hear one of my hard drives dying. The HDD is about five or six years old and the "click, click, click" of death was getting louder.

I don’t know what is more jaw dropping -- the price drops in HDD and SSD

95 Views    Jae Jun    2018-09-24 13:21
Illinois Tool Works, Constellation Brands, International Paper, Western Digital, Hartford Financial and Newmont Mining present buying opportunities

According to GuruFocus, these stocks have reached their 52-week lows.

Illinois Tool Works reached the 52-week low of $136.16

The price of Illinois Tool Works Inc. (ITW) shares has declined to close to its 52-week low of $136.16, which is 24.8% off the 52-week high of $179.07. The company has a market cap of $45.66 billion.

Illinois Tools' shares traded with a price-earnings ratio of 24.86 and a price-sales ratio of 3.16 as of Aug. 22. The trailing 12-month dividend yield is 2.28%. The forward dividend yield is 2.90%. The company had an annual average earnings growth of 8.80% over

162 Views    Joy Hu    2018-08-23 14:36
Details the 52-week lows from the following companies: General Electric, Illinois Tool Works, State Street Corp, McKesson Corp, Western Digital and Cardinal Health

According to GuruFocus’ list of 52-week lows, these Guru stocks have reached their 52-week lows.

General Electric reached the 52-week low of $12.94

The price of General Electric Co. (GE) shares has declined to close to the 52-week low of $12.94, which is 51.3% off the 52-week high of $25.89. The company has a market cap of $112.46 billion.

Its shares traded with a price-sales ratio of 0.93 as of Aug. 9. The trailing 12-month dividend yield is 4.64%. The forward dividend yield is 3.68%.

The industrial company operates in various segments including power and water, oil and gas, energy

407 Views    Joy Hu    2018-08-10 14:01
Eighth highest-earning investor's top 5 buys

[url=http://www.gurufocus.com/StockBuy.php?GuruName=Andreas+Halvorsen]Andreas Halvorsen[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=Andreas+Halvorsen]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=Andreas+Halvorsen]Portfolio[/url]), founder of Viking Global Investors, made substantial changes to his long portfolio in the first quarter, recording 31% turnover from the previous quarter, according to GuruFocus calculations of data released Tuesday.

Halvorsen’s $25 billion hedge fund took as their largest new positions Alibaba Group Holding Ltd. (BABA), United States Steel Corp. (X), Western Digital Corp. (WDC), Walt Disney Co. (DIS) and Biomarin Pharmaceutical Inc. (BMRN). They acquired 22 new positions in all in the first quarter, concentrating the portfolio across 59 holdings valued around $16.6 billion.

Stocks from the tech sector represent 28.3% of holdings, followed

122 Views    Holly LaFon    2018-05-15 19:37
Recently, multiple companies have all managed to achieve yearly highs

According to GuruFocus list of 52-week highs, these guru stocks have reached their 52-week highs.

VeriSign Inc. (VRSN) reached the 52-week high of $125.92

VeriSign Inc. is a part of the internet content industry. It provides domain name registry and internet security for websites and enterprises around the world. VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic and also provides DNS security solutions to detect

161 Views    yifan900    2018-03-20 14:29
The guru's largest sales of the 4th quarter

Charles Brandes (Trades, Portfolio), the chairman of Brandes Investment Partners, reduced or closed his position in the following stocks during the fourth quarter.

The guru closed his Willis Towers Watson PLC (WLTW) holding, impacting the portfolio by -2.2%.

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The risk management, insurance bokerage and advisory company has a market cap of $20.52 billion and an enterprise value of $24.15 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the return on equity (ROE) of 5.61% is underperforming the sector, the return on

92 Views    Tiziano Frateschi    2018-02-14 19:37
The fund's largest sales of the 4th quarter

In the fourth quarter, the FPA Capital Fund (Trades, Portfolio) reduced or exited its positions in the following stocks.

The fund reduced its holding of Arris International PLC (ARRS) by 40.73%, impacting the portfolio by -4.08%.

5b45580397816a0863b0eb2d05288dd8.png

The manufacturer of telecommunications equipment has a market cap of $4.72 billion and an enterprise value of $5.54 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The return on equity (ROE) of 5.38% and return on assets (ROA) of 2.21% are underperforming 53% of companies in the Global Communication

89 Views    Tiziano Frateschi    2018-01-11 20:27
The fund's largest 3rd-quarter sales

FPA Capital Fund (Trades, Portfolio) is an institutional money management firm and manages a portfolio composed of 19 stocks with a total value of $306 million. During the third quarter the fund sold shares in the following stocks:

Babcock & Wilcox Enterprises Inc. (BW) was closed impacting the portfolio by -7.14%.

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The boiler and environmental equipment manufacturer has a market cap of $164.61 million and enterprise value of $236.42 million.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The return on equity (ROE)

152 Views    Tiziano Frateschi    2017-10-09 16:29

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