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Western Digital Corp. designs, develops, manufactures, and sells hard drives for data storage.
I do not agree with the current assumption that income must decrease over 50% the next year. The SSD market is still more expensive (5-10 times) and is currently lead by small companies (Corsair and OCZ) in need of more cash in order to grow.As of today WD has shown a better growth rate than its closest competitor (Seagate), they are better positioned to compete on the SSD market and they have shown (in their mediaplayer) that they are able to compete with high end brands as Apple.
You are so right. Great fundamentals. Not a long term play, unless company finds a new niche. But, that said should grow nicely over the next year as recession lifts.
"The SSD market is still more expensive (5-10 times)" Actually, more like 15 times.
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