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Hutchinson Technology Inc. Message Board

  • longtimefollower longtimefollower Jan 3, 2013 11:14 AM Flag

    HTCH is up 50% since I announced my 5%+ position.

    The day before I announced, it closed (on 11/12/12) at $1.45. The last trade is $2.18, as I type, which is EXACTLY a 50% less than 2 months.

    I hardly think that it was exclusively because of my filing that we are up 50%. (That would be a grandiose notion indeed!)

    While I'm sure some of this increase is a technical or "dead cat" rebound, I also believe that the Street is increasingly seeing this as the turnaround story that I have long seen it as.

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    • You seem pretty knowledgeable longtimefollower so would you help me understand why this stock is still selling for less than half its book value? Years ago, when HTCH had come out with the TSA for disk drives they were the leader and were north of $50/share. I haven't followed the company for years. I sold out and bought sndk. But I recently took a small position in HTCH again. It just seems illogical with the increasing demand for disk drives that they can't be at least at book value or around $7/share. Do you think they can at least get to book value this year?? jf

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