Isn't that a little low?? I mean Needham has been publishing expectations above $40 for more than five years now, like even before pre-flood levels. What is driving this stocks price is the promise of all that 'new technology' in the pipeline! With this past years new product announcements still resonating in the marketplace, the full implementation of reduced warranties, and the LTA's dominating WD's attempts at recovery, STX is expanding the Bureaucracy of Administrative Directors (BAD) Leadership Council to further extend the title hierarchy (because that's what's important).
But then, there are those that say this is merely a play on dividend's, options, and market makers. I'm sure you're not one of those and rather are sensitive to the spectacular advances this company's R&D group have been contributing to investors. Just believe. Those laurels haven't just been sat on, they are dried, flaked and ready for the spice rack along with the rest of the low lying fruit that is getting a bit moldy.