Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

STX 276.69

+1.6%

Nov 28 9:30 AM EST

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To: Robert Douglas who wrote (970)	7/7/1999 1:18:00 PM
From: LK2	Read Replies (1) of 1989

RE-stock price and value are two different things. There was a post by Sam a short while back that showed that you can't depend on underlying value as a guide to price action. Sam's example was a retail store chain that had an investment in Toys 'R Us (at the time Toys 'R Us was a hot stock.) You could buy the retail store chain at a discount to it's intrinsic value, based on its holdings in Toys 'R Us. But Toys 'R Us stock performed strongly, while the retail store stock was a dog. In fact, Sam said the retail store stock moved up in price when it declared bankruptcy (because of its Toys 'R Us holdings). (Sorry, but I can't find the URL post by Sam that explained this.) So maybe SEG is a mutual fund. And maybe the market will value SEG that way sometime in the future. Or maybe not. In the meantime, I'm holding on to what I have of SEG, but definitely not adding. (I'd like to make some money, for a change. And I haven't figured out how to do that with the drive stocks, yet.) Regards, Larry

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