Oct. 24 at 12:43 PM
$SNDK at the beginning of the year the market capitalization of
$WDC wad 23 billion. They spun off Sandisk and now their market capitalization is
$41 billion and Sandisk market capitalization is also
$41 billion. Am I supposed to believe that what these managers valued at 23 billion at the beginning of the year is now valued at
$82 billion? At least western digital as an enterprise has a history and a substantial revenue gain over the last FY. I cannot imagine a quarterly earnings report that could justify this. Tesla, Amazon, MS etc, are they showing massive capex going DIRECTLY to Sandisk last quarter? This one is fascinating, I’ll keep watching .