have subscribe to read the full article, but this is the partial cut and paste............should reach Finch's projections/target by the end of the year....which is close to 3x current pps.
http://www.fool.com/investing/general/2010/04/16/3-reasons-to-buy-seagate-technology-today.aspx
3 Reasons to Buy Seagate Technology Today
By Dave Mock
April 16, 2010 | Comments (0)
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Historically, tumultuous times offer some of the best opportunities to invest in killer stocks, and the market's recent mess surely qualifies. And though hard-drive maker Seagate Technology (Nasdaq: STX) is well on its way to recovering from the recession, many investors expect even better times ahead.
In our Motley Fool CAPS community, 92% of the 1,007 investors rating the company are bullish, so there's no shortage of reasons why Seagate Technology will thrive, three of which I've highlighted below.
But here at The Motley Fool, we're all for looking at both the good and the bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your own comments below, or rate Seagate Technology yourself in CAPS.
1. Growing demand
Seagate could hardly keep up with demand in its fiscal second quarter, and according to research firm Gartner, PC sales are expected to stay strong this year. This is great news for top PC makers like Hewlett-Packard (NYSE: HPQ) and Dell (Nasdaq: DELL), but many suppliers like Seagate and DRAM maker Micron Technology (NYSE: MU) stand to benefit as well. With Seagate's strong second-quarter earnings performance and rising demand, some CAPS members look for Seagate to continue to deliver strong returns.
2. Top hard-drive maker
While HP still holds the top spot in the PC rankings over Acer and Dell, Seagate remained the world's largest hard-drive maker in the fourth quarter, holding a 31% share of the market, with Western Digital (NYSE: WDC) coming in a close second, according to research firm iSuppli. Because HP expects to keep growing this year, many CAPS members expect that Seagate will maintain its top rank as it takes advantage of increasing demand.
3. Positive momentum
Seagate's shares have put in an outstanding performance in the past year, and some CAPS members see the same trends continuing in the coming quarters as the economy shows more signs of improvement. Solid earnings from Intel (Nasdaq: INTC) and an anticipated strong showing from IBM (NYSE: IBM) suggest an increase in spending, and some investors see room for Seagate to run.
To see details of what CAPS members are saying now about Seagate Technology, just click on over to Motley Fool CAPS and have a look -- or add your own thoughts in the comments box below.
Recent STX News
- Seagate Teams Up with eBay to Expand Hard Drive Circularity Program • Business Wire • 06/18/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:43:42 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:43:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:43:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 08:54:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:43:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:43:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:43:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:42:51 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 08:42:40 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/11/2024 08:38:49 PM
- Seagate Announces New Chief Legal Officer • Business Wire • 06/10/2024 01:00:00 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:27:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 09:14:57 PM
- Seagate to Participate in Upcoming Investor Events • Business Wire • 05/15/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/14/2024 08:11:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/08/2024 11:52:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:28:24 PM
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- Seagate Technology Reports Fiscal Third Quarter 2024 Financial Results • Business Wire • 04/23/2024 08:05:00 PM
- U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly • IH Market News • 04/23/2024 11:26:41 AM
- Seagate Drives Progress on Its Renewable Energy and Circularity Programs • Business Wire • 04/22/2024 08:48:00 PM
- Seagate Technology to Report Fiscal Third Quarter 2024 Financial Results on April 23, 2024 • Business Wire • 04/09/2024 08:05:00 PM
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