I believe history would suggest that each of the leading disk drive co's and component manufacturers were, at some point in the last decade, near financial disaster. This would include SEG, IBM, WDC, APM to name a few. At present, RDRTs fundamentals are better than any of these "leaders" when they were down.
It is ironic that the bears were unavailable for comment prior to the IBM/WDC announcement. In fact, RDRTs shares started to climb with the sector, reaching a peak just above 15 before collapsing. Have the problems changed from 15 to 9. I don't think so. Is the IBM/WDC deal overblown. It seems so.
At any rate, the next several months are crucial for RDRT. In reading the posts on this board, I have to laugh at the insight as provided by Tom Simpson. I do not wish to be bashful here, but I believe that your analysis is too similar to the street analysts who downgrade stocks at the bottom and upgrade at the top. The issues which would change your opinion of RDRT are the obvious, with little analytical thought or foresight.
And, you state that you have friends employed at the co. Would it not be more valuable to post some insight as presented by those souls. Or are they fearful that their employment with RDRT may end all too soon. Some comments would be appreciated?
Finally, it is important to note that RDRTs net asset or breakup value is about $13.42. Hopefully, we will get above that point or just get bought out. the STUD!! |
