Todd-
your negativity is overly pessimistic, I think. I'm not proud of it, but I bought in at 50, when every single brilliant analyst covering the stock was hot on it. Now that every single analyst is cool on it, and the stock has lost so much value, I would say now is a good time to accumulate, when things look there worst. Remember, Seagate is the number one DD maker, and will outlast the others. It has next to no debt, a strong cash flow, the technological lead. yes, it will take 2-3 years to come back to its high, but it will come back. Also, remember, it is branching off into software, and its 35% ownership in Dragon technology I think is going to be a smashing success. |
