Purchased Western Digital (WDC), the storage drive maker, today at $39.08. Also purchased j2 Global Communications (JCOM) at $20.60. I’ve been watching JCOM for a few months now, but WDC just recently showed up on my screen. WDC is trading near all time highs, but the growth in memory storage – thanks to everything from photos to movies being stored on disk drives in our homes – seems unabated. JCOM is a global telecommunications company, with significant growth prospects around the world.
Technology companies are particularly vulnerable to competition – you never know when someone else might develop a new product that makes yours obsolete. These two, however, seem positioned right for the future. I used conservative assumptions to place a value on each.