I had a price alert on Western Digital, and I bout 20 shares at 46.44.  Could go down short term.  But we’re looking at outrageous value here.  Stock has been kicked around by the market.

FRGI-FIESTA RESTAURANT GROUP INC is getting a little love because of Chipotle’s fall I think.  They are selling at 36.25.  They have a 996m cap.  8.81 in book value.  Earnings growth has loft expectations of 20% moving forward the next 3-5 years. With 80% growth predicted in teh next year.  Return on equity is 17.79.  Debt to equity is 30.08%…not bad for a small cap.  Their growth is fueled by their earnings.  Book value growth over the past five years is 28.8%?  Wow.  Looks like they went public in 2010.   Growth rate looks good at 17 or so percent over the past five yearsish.  Return on equity is awesome at mostly 20ish, with some drops and spikes. I don’t know if their food is actually good.  It looks like people expect a lot of growth out of this company.  My coupon analysis gives them a value of about 13.48.  Given their high growth rate, I can only, when fudging, give them a value of 20.27.  I’ll set my price alert for 21.  UPON REVIEW, EPS is at 1.44.  No dividend.  They have that 25.72 p/e.  Let’s say that book is worth 45.3 in 10 years, they’d be looking at 8.05 in EPS.  And with their current valuations, that would put them at a price of 201.25…with a 15p/e we’d be looking at a price of 120.  On the low end, we’re looking at 12.72.  On the high end,  18.7.  I’d buy if they came down to 30.  Staggered price points at 30, 31 and 32.