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Jonas Elmerraji » Comments » Single Comment
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I would have to agree with you that WDC is another good looking stock right now. Aside from being bullish on hard drives, the company has awesome financials. You're right, WDC does score higher than STX on a number of metrics, but ultimately, it's Seagate's unbelievably low valuation that pushes it over the top.
Jan 11 18:20 pm
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All Comments by Jonas Elmerraji »Seagate Technology: Hard Drives Are Easy Sell for 2009 [View article]
If I were just picking "good stocks" WDC would likely have made the cut... unfortunately, two HDD manufacturers didn't make sense for the Rhino Stock Report's model portfolio.
Watkins is pressured... margins got hit hard in the last quarter (per the article), but I think that Seagate will be able to tighten their belt in the next six months.
I wouldn't take the company's downgrade too seriously for a long term position... even if you do, you could look at their upgrade by Dinesh Moorjani as an offsetting rating.
The market does suggest the stock is cheap right now for a reason, but it doesn't have to be a good one... We'll get our first glimpse on January 21 when they report earnings.