With a yield of only 5% on a partially franked divvy, and a P/E of over 25x, WDC could remain at these levels for years, and even fall well below $20 before it makes its next surge.
We need the EPS to catch up to the share price, which it eventually will do.
Still, I'm in no rush to gamble my holdings by trying to pick an exit and re-entry point. Will gladly keep re-investing the divvy back into more WDC shares and let it run its course.
WDC is such a huge machine with switched-on experienced drivers at the helm. They will be able to safely grow shareholder's money at an acceptable rate over the long term.
Great share for long term investors...keep the faith!
With a yield of only 5% on a partially franked divvy, and a P/E...
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