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Relatively High Forward Earnings Yield Detected in Shares of Western Digital in the Computer Storage & Peripherals Industry (WDC, SMT, STX, LXK, KTCC)
Jan 08, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Computer Storage & Peripherals industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.Western Digital ranks highest with a forward earnings yield of 17.8%. Following is Smart Technologies with a forward earnings yield of 17.3%. Seagate Technology ranks third highest with a forward earnings yield of 16.4%.
Lexmark International follows with a forward earnings yield of 14.5%, and KEY Tronic rounds out the top five with a forward earnings yield of 14.1%.
SmarTrend recommended that subscribers consider buying shares of Western Digital on December 18th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $38.95. Since that recommendation, shares of Western Digital have risen 10.2%. We continue to monitor Western Digital for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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