The bones of an article
On November 16th, 2011 there just wasn’t enough time to do everything – something had to give. We were packing our bags for our trip to Istanbul, we had to be at the airport by 6:30 p.m., we were making last minute preparations, scribbling out notes for an article on Western Digital and stuffing investors accounts with their shares as fast as we could. After listening to their
Q1 2012 CC call twice [and then
STX’s] and having read all of their
10Q’sand
annual reports for over a year we were more convinced now than ever that WDC had by far the superior management team, and with a
confirmation of full insurance coverage including business continuity (that is to say lost income) after the
floods in Thailand, there was no doubt left in what we were doing with investors money.
Although we only needed the typical hour to knock off the article, it just wasn’t in the cards. By 2:30 p.m., amidst a flurry of phone calls and emails, we gave up on the idea that the article could be published that day, having scribbled out only the framework of an article.
We were waiting for at least a 7% price jump when we published our article Hard Drives, Floods, Monasteries and Investment Returns on Dec. 2nd , 2011 – good thing we weren’t holding our breath. We thought the article looked pretty smart, not only because the WDC investment had already returned 30.2% to investors by the time we were able to publish, but also because we had this really crazy $67 dollar price target on the stock (way higher than any other analyst at the time) – we thought people would listen.
The following is a copy of email correspondence we recently had with a friend and in the same spirit as our post "
On December 22nd, 2011 we began purchasing shares of 
On December 22nd, 2010 we published our article “
We were going to title this article “We’re so smart”, but we thought that there was at least a small possibility that readers would fail to appreciate the depth of our humility if we did that, so we went with the second most obvious title we could think of. Besides after SeekingAlpha’s editors picked up our article 
Exactly one year ago, on September 28th, 2010 we purchased shares of Sanderson Farms for investors. Two days later we published our opinion on 
The following is provided as related material the article "