The Bottom Line
Seagate and Western Digital own the storage market -- a business that might be changing, but certainly isn't disappearing.
Both companies also seem to be taking steps to adapt to these changes. So, given their impressive dividend yields and depressed share prices, I believe Seagate and Western Digital both merit a closer look.
As though this stock has been brutally punished for a slight mis-step on earnings. These things happen. The sell off has been astounding.
Is it not likely that, considering the drop, the momentum is going to swing the other direction at some point soon?
Hard drives---like oil---are going to be very much needed and in demand for the next 50 years. Data storage is not going anywhere. The "cloud" is what? Its a bunch of servers in a building and those servers have what? That is right---hard-drives.
This big dip is nothing but opportunity. This company is not going to disappear.
Considering that this stock just had a 30% haircut,, and that it is one of the two big players in the market and that the world is not about to give up hard-drives anytime soon---I think the dividend is not the primary point to consider on this stock.
Depends on where you bought---if it was at 25.80, then 27.45 or more is looking pretty good. The full measure recovery is just going to be a function of time and we are talking a few months most likely.
This has to be the silliest thing I have heard since April 1.
The stock makes money. Owns a huge chunk of the market place. The market place is not about to go away in our lifetimes. And there is a dividend. This is exactly the sort of stock that one buys in times like these.
No, this is simply oversold. Western Digital is also down. The hard drive is going to be with us for a long, long time.
Yeah, I think you are correct brilliantstorm. If you take the emotion out of the recent events, there seems to be a lot to like. I was very glad to have sold at 35, up from 33. Glad I stepped out of the game at that time, but at 25-26-27, I had to stick a few toes back in the water.
Yeah, there are a lot of things to love about this stock at this price. Seems like a huge over-reaction to a slight earnings mis-step.
Didn't the ceo just load up on this?
I suspect he knows more than most about the viability of this company. Hold tight or buy more.
Sentiment: Strong Buy
That is BS.
It is also the same thing they say about oil.
Check back in with us in 15 years.
I bet you still will be using a hard-drive.
And still burning gas.
What a joke.
This is a steal.
Correct. This is the time to buy. You do not have to bet the farm, but a good time to accumulate.
Lets hope----hard to believe any stock with so many positives could be whacked to this extent. I don't think BP got hit this hard.