On January 5th, 2012 Amvona published the article American Greetings Corp. and the Triple “W”. The thesis was comprised of two primary components:
a) The value and impact of the stock repurchases the company had made and would be making.
b) An appraisal of the real value of the company’s tangible assets.
The following is the price performance one year later of the two purchase made in the shares at the time.
Shares of Western Digital (WDC) were sold for investors accounts on August 13th, 2012 at $44. As of close of market on Friday Oct. 19th, the shares were being traded for a mere 34.88. A decline of a full $9.12 or almost 21% in barely 9 weeks. Is the value of the company really less than it was, when the shares recently traded at $44?