Western Digital Corporation
Thesis
Western Digital is another quality business that is a beneficiary of consolidation and is trading at a significant discount to its intrinsic value.
Did it work?
inconclusive
confidence: low
The pitch is a long thesis on Western Digital premised on consolidation benefits and a significant discount to intrinsic value, but no price performance or time elapsed is provided. Without either data point, there is no way to assess whether the valuation gap closed or the consolidation thesis materialized. The verdict must remain open pending actual return data or confirmation of the thesis's catalysts.