MorningLightMountain's Grab-Bag (fka )

[MorningLightMountain]

"""Go west, young investor

Sometimes the market tends to leave old names behind and forget about them for a while -- until the company shows growth numbers that are hard to miss. Hard-drive maker Western Digital had its heyday in the mid-1990s as the Internet craze was grabbing hold, but had gone dormant in the growth category until the past few years.

Lately, shares have been on fire as the company has consistently beat Wall Street’s expectations and grown cash flow while maintaining a low earnings multiple. Once thought to be doomed as solid-state drives take center stage in memory storage applications, Western Digital continues to find demand for high-capacity drives in media products such as DVRs and notebook computers.

Obviously, things are going well if you can string together EPS growth of more than 50% over the past three years, as Western Digital has. The company is even gaining market share from leader Seagate by beating it to the punch with high-capacity drives for notebooks and aggressive pricing. With its current earnings multiple still less than 10, more than a few investors think Western Digital is set to take off -- even after doubling in the past year. Nearly 95% of the 759 investors currently rating the company in CAPS agree and believe Western Digital will outperform the market in the future."""

http://www.fool.com/investing/general/2008/06/04/more-than-momentum-stocks-rising-for-a-reason.aspx