Not so long ago activists investor openly communicated to the BOD and shareholders that splitting the company was the best path forward. Fast forward to today and it seems clear they were correct. Both sides stock is on fire YTD. No doubt AI tailwinds are the driving force here but the numbers don’t lie. At the same time don’t be so sure this will lead to job creation.
7 replies (most recent on top)
Don’t celebrate too early. What goes up must come down.
The AI bubble is what's driving WD stock higher. Eventually this will pop once investors realize 95% of AI investments lose money. Just like Internet bubble all over again.
was the initial acquisition the correct move? questionable based on the outcome and outright differences between the two corporate cultures
@1fw arguably it should not have been together to begin with
Elliott did great job to slit the company, otherwise WDC stock equation value was still playing 1+1=0.5.
enjoy the tailwinds, headwinds will return
@OP did not need Elliott to tell us, it was apparent before they came along. Elliott pushed along what the BoD and executives could have done, but did not. It seems for the moment stock price driven by favorable market conditions more than anything else.