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We should at least trade 50% higher than Book Value.
I like this number:
Book Value Per Share (mrq): $12.13
http://finance.yahoo.com/q/ks?s=XRTX+Key+Statistics
Xyratex Passes This Key Test
By Seth Jayson | More Articles
March 3, 2011 | Comments (1)
There's no foolproof way to know the future for Xyratex (Nasdaq: XRTX ) or any other company. However, certain clues may help you see potential stumbles before they happen -- and before your stock craters as a result. Rest assured: Even if you're not monitoring these metrics, short-sellers are.
A cloudy crystal ball
I often use accounts receivable (AR) and days sales outstanding (DSO) to judge a company's current health and future prospects. It's an important step in separating the pretenders from the market's best stocks. Alone, AR -- the amount of money owed the company -- and DSO -- days worth of sales owed to the company -- don't tell you much. However, by considering the trends in AR and DSO, you can sometimes get a window onto the future.
Sometimes, problems with AR or DSO simply indicate a change in the business (like an acquisition), or lax collections. However, AR that grows more quickly than revenue, or ballooning DSO, can also suggest a desperate company that's trying to boost sales by giving its customers overly generous payment terms. Alternately, it can indicate that the company sprinted to book a load of sales at the end of the quarter, like used-car dealers on the 29th of the month. (Sometimes, companies do both.)
Why might an upstanding firm like Xyratex do this? For the same reason any other company might: to make the numbers. Investors don't like revenue shortfalls, and employees don't like reporting them to their superiors.
Is Xyratex sending any potential warning signs? Take a look at the chart below, which plots revenue growth against AR growth, and DSO:
http://www.fool.com/investing/general/2011/03/03/xyratex-passes-this-key-test.aspx
Western Digital Deal Boosts Data Storage Stocks
he tickerspy.com Staff, On Monday March 7, 2011, 12:30 pm EST
Shares of Western Digital (NYSE: WDC - News) are soaring 14% after the hard-drive manufacturer said it will acquire Hitachi's hard drive unit for $4.3 billion in cash and stock. The news is proving to be a boon for the Data Storage Stocks Index, which is up 1% today. The Index has lost 6% in the past month.
Seagate Technology (NASDAQ: STX - News), Western Digital's chief rival in the hard-drive space, is also getting a lift on the news to trade higher by 10%. BMO Capital said in a note to clients that the deal is good for Seagate, although the firm had expected Seagate would be the buyer for the Hitachi business, Barron's reported. Barron's also noted that there had been talk of Hitachi conducting an IPO for the hard-drive business.
While shares of Xyratex (NASDAQ: XRTX - News) are down 1%, BMO said that company could also be a potential winner due to the Western Digital/Hitachi deal because Xyratex counts both companies among its customers. Capstone Investments reiterated "hold" ratings on both Seagate and Western Digital.
Other hard-drive makers such as Quantum Corp (NYSE: QTM - News) and STEC Inc. (NASDAQ: STEC - News) are trading lower, but both opened higher following the Western Digital news.
OCZ Technology Group Inc. (NASDAQ: OCZ - News) is another winner in the hard-drive space, surging 12% after issuing fourth-quarter revenue guidance of $64 million compared to the consensus estimate of $53.36 million.
Investors can track the Data Storage Stocks Index for performance trends and a suite of other metrics at tickerspy.com.
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http://finance.yahoo.com/news/Western-Digital-Deal-Boosts-indie-3278447258.html?x=0&.v=1
Xyratex Ltd. to Announce First Quarter 2011 Results
Press Release Source: Xyratex Ltd. On Thursday March 10, 2011, 9:15 am EST
HAVANT, England, March 10, 2011 /PRNewswire/ -- Xyratex Ltd. (Nasdaq:XRTX - News), a leading provider of enterprise class data storage subsystems and storage process technology, will release its financial results for the fiscal first quarter ended February 28, 2011 after the market closes on Thursday, March 31, 2011.
Conference Call Information
The company will host a conference call to discuss its results at 1:30 p.m. PT/4:30 p.m. ET on Thursday, March 31, 2011.
The conference call can be accessed online via the company's website www.xyratex.com/investors, or by telephone as follows:
United States
(866) 761-0749
Outside the United States
(617) 614-2707
Passcode
83850357
A replay will be available via the company's website www.xyratex.com/investors, or can be accessed by telephone through April 7, 2011 as follows:
United States
(888) 286-8010
Outside the United States
(617) 801-6888
Passcode
11656259
About Xyratex
Xyratex is a leading provider of enterprise class data storage subsystems and hard disk drive capital equipment. The Networked Storage Solutions division designs and manufactures a range of advanced, scalable data storage solutions for the Original Equipment Manufacturer (OEM) community. As the largest capital equipment supplier to the industry, the Storage Infrastructure division enables disk drive manufacturers and their component suppliers to meet today's technology and productivity requirements. Xyratex has over 25 years of experience in research and development relating to disk drives, storage systems and manufacturing process technology.
Founded in 1994 in an MBO from IBM, and with headquarters in the UK, Xyratex has an established global base with R&D and operational facilities in Europe, the United States and South East Asia.
Website: www.xyratex.com
http://finance.yahoo.com/news/Xyratex-Ltd-to-Announce-First-prnews-550636355.html?x=0&.v=1
Yep, current pps level is very attractive. We should bounce off $10.5. I see $16 by late May.
Thanks for the chart. Info box at the top of the main page has been updated.
This is a great stock and made some great earnings the last 5 quarters. I just bought in, also the P/E ratio is only 3 a very under valued stock, good luck, Fred
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Xyratex is a leading provider of enterprise class data storage subsystems and network technology. Building on over 25 years of research and development experience in disk drive development, storage systems and high-speed communication protocols, we design and manufacture enabling technology that provides our OEM (Original Equipment Manufacturer) and disk drive manufacturer customers with data storage products to support high-performance storage and data communication networks.
Click here to download the corporate presentation.
Xyratex’s product strategy addresses the needs of the Networked Storage Solutions and Storage Infrastructure market places, and is based on two strongly synergistic technology lines:
Networked Storage Solutions - High-capacity, high-speed, reliable and flexible data storage subsystems to support a range of communication technologies and performance specifications. These systems include RAID (Redundant Array of Independent Disks) and SBOD (Switched Bunch of Disks) technology.
Storage Infrastructure - Fully automated disk drive test solutions, servo track writing technology and disk processing solutions for high-volume manufacturing environments, enabling customers to produce highly reliable disk drives with increased efficiency and at lower cost.
As disk drive technology is a fundamental building block of any network storage system, Xyratex’s leadership in developing disk drive test and process automation equipment, combined with our experience in developing high-density network storage subsystems, provides a unique perspective for understanding data storage market needs, allowing innovation to be leveraged across the entire product range.
The synergistic relationships between Xyratex's technology, our customers and their markets are shown below.
To find out more about Xyratex:
- Click here for the Corporate Brochure.
- Click here for the Corporate Overview.
Xyratex is the trading name of Xyratex Technology Limited.
Registered office situated in England and Wales.
Registration number: 03134912.
Registered address: Langstone Road, Havant, Hampshire PO9 1SA
VAT number GB643 3531 54
http://www.xyratex.com/
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