Tuesday, January 18, 2011

Stock to watch: Seagate Technology (STX)

Here is my next research project.

Seagate Technology symbol STX

Seagate Technology designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. The company's products are used in enterprise servers; mainframes and workstations; desktop and notebook computers; digital video recorders; personal data backup systems; portable external storage systems; and digital media systems. It also offers data storage services for small- to medium-sized businesses, including online backup, data protection, and recovery solutions; and ships external backup storage solutions under the Free Agent Go and Free Agent Go Flex product lines. Seagate Technology sells its products primarily to original equipment manufacturers, distributors, and retailers.

Seagate is a beat down possible gem. so far my research shows that Seagate's is a better more efficient comapny than it's closest competitor Western Digital (WDC). The both make about the same cash per year and also have roughly the same market cap. However seagate's margins so far look much better and their p/e and peg ratio is lower than western digital. check them out and let me know what you think. As I do more research i will be checking in. Thanks for reading. Happy investing

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