Western digital bought sandisk with a huge loan several years back. Their market cap has tanked since. Now it seems they want to spin off the flash business and sell it maybe ? But who will buy ? Why ? Flash seemed to be doing OK maybe not enough profit to pay the loan interest ? Or is it just a trick to pop the stock short term ? #western digital https://www.google.com/amp/s/www.fool.com/amp/investing/2020/09/23/why-western-digital-stock-just-popped-85/
Hilarious.