Can someone explain why this stock isnt much higher. You have a compnay earning 7 bucks a share earning at under 4times earnings.
What am i missing??
Thanks in advance.
I may nto be a smart man, but when einhorn says he likes i buy and when he says its fraud i short. So far just doing what he says has bought me a new condo and car. Im in this stock because of him and will remain. Everyone here make very good points...
I've been hearing about this guy Einhorn. From what you say, maybe I need to learn more about him. That's some serious trust that you place in him. And, apparently it works. May I ask how you track Einhorn's moves?
obsolescense .. not today or tomorrow...or even next year.
When I can go to my local Best Buy and see on the shelves at 1TB SSD for $129 .... thats a different story. Don't get me wrong I like the SSD in my computer but 80Gb cost way to much and is to small.... ok, for you folks thinking "cloud" ... no SSD's there either back to the cost....
Forget obama and the other noise. The PE is low because the earnings are volatile, and almost no one thinks that current earnings levels are going to provide a baseline from which future earnings will grow. Is still a cheap stock (witness the recent runup), but also note historical earnings volatility. That 7 bucks could turn into 4 bucks (or 0) in a matter of a few quarters. More like it settles back into 5 or 6.
That's because Seagate is paying almost a 6% dividend. If it paid 0%, like AMAZON, it would trade at 3000 times earnings. Or, think of it this way - you are seeking logic in a country that reelected Obama. Does that clear it up for you?
Sentiment: Strong Buy
Actually it does. This country did re-elect obama.
God i yearn for the days of less computers and less govenment intervention.
This country used to be a great place and an honest man could make an honest living.
Now with technology and all these computer traders and govenment intervention.
Only the Rich and the Poor will survive. good bye middle class.
Martha stewart went to prison for insider trading.
Wall street CEO got a pass for almost bringing the maerican money to its knees.
Then they gave out the largest bonuses EVER with the tax payer bailout money.
Great country we live in....