With less than 1.5 months to go this quarter, the earnings for STX are in the bag. You don't have to go forward very much. The current P/E is under 4.
Even flat earnings for next year say this is exceedingly undervalued.
But then, as others are slapping us to understand - pricing of the two remaining HDD stocks has nothing to do with fundamental valuation. It's all about trading.
Somebody roll the dice. It's just a crap shoot.
Okay, my mistake. I gathered from your posting about the stock not behaving rationally and like that that you were uncomfortable with the situation. Next time I have the opportunity I will hoist a glass to both divividends and divas.
Market is down 900 points and your complaining about a $2 pullback this week. The lower STX dips, the more shares the company can buy back under $30. That increases all forward EPS as they shrink the size of the market cap.