Toshiba Memory Sale Dead
Western Digital will benefit.
By Jean Jacques Maleval | December 6, 2017 at 2:42 pmTo read this article from Seeking Alpha, click on:
The Toshiba Memory Sale Is Dead – Western Digital Will Benefit
Toshiba’s latest capital raise is a game changer – a Toshiba Memory sale doesn’t make financial sense anymore.
WDC still holds significant legal and IP leverage.
Expect legal and delisting risks to de-escalate.
WDC’s stock is pricing in an irrational discount – great time to accumulate in the high 70s.
Toshiba also looks attractively priced – accumulate.