Tuesday, February 10, 2009

Just Might Work

<--- That is a 2-year chart of disk drive maker Seagate.

An analyst at R.W. Baird just upgraded Seagate and its competitor Western Digital. These are two of the most hated stocks in techland, which makes the call interesting.

PC units shipments are terrible. High end notebooks now have solid state flash drives as a real option. Cyclical and secular headwinds aside, I'd rather own this stock at $5 than $30. Probably too early though.

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