Western Digital: Even Without The Spin-Off, The Company Remains Undervalued

inbj/iStock via Getty Images Western Digital Corporation (NASDAQ:WDC) recently delivered better than expected EPS, and 21 different analysts increased their EPS expectations. I believe that the recent separation of two business units reported by WDC, which may take place in 2024 may explain the recent optimism. In any case, given recent restructuring efforts, without the split, future FCF growth would justify a higher stock valuation. I do believe that risks related to the debt, tariffs, and taxes are w ...