Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: Paul Reuben who wrote (4322)	12/15/1997 12:41:00 PM
From: stock bull	Read Replies (1) \| Respond to of 7841

Paul & ALL; I previously forecasted that SEG would be trading in the 17 - 18 dollar range. Its now trading a 18 3/4, very near my forecast. The forecast was based on the stock's valuation. Based on the current valuation, the stock should be even lower than my original forecast. However, I don't believe the stock will trade below 17. Reason....the company has implemented its restructuring plan; eg, the closing of the Clonmel plant. I anticipate that SEG will have other announcements within the next few weeks to months. Given the implementation of the restructuring plan, I anticipate that we will see a bounce in the stock's price. Long term growth will depend on the outcome in SEA and the overall outlook for the dd industry. Just my thoughts. Stock Bull