NotN,
Yes, all of the shares were sold by the company, Seagate pulled their trust in the last couple of weeks after the stock went down from the 80s. Yeah, Seagate will probably sell some shares at some point, but the way Veritas is going (and given their much larger stake in it), I would guess that those are the shares that they will sell first. More bang for the trouble. I'm guessing that, on their Sandisk shares, they'll wait for the split that we expect, and for another earnings report or two, which should be stellar, and which I think will double the stock from here, presuming the general market for high PE stocks holds fairly steady. Then Seagate will sell some of their stake, IMO.
I too have a hard time seeing a ten bagger from $70/share over the next couple of years, but as you imply in your previous post, many of us have a hard time seeing some of the valuations of companies with worse positioning in their field than Sandisk has. While it doesn't appear likely right now, we are only at the beginning of a very steep ramp up. If the Toshiba deal goes OK, and if the flash sector doesn't become a clone of the DRAM sector, a 10 bagger even from here isn't out of the question a few years from now. However, many of the posters here have been in this stock for years, and have cost bases somewhere between 7 and 20. For those of us fortunate and patient enough to have held during those difficult years, a twenty bagger (or more) isn't out of the question. |
