Seagate (STX) -1.5%  to $35.12 after Stifel's Aaron Rakers downgrades to Hold on valuation...

Seagate (STX) -1.5%  to $35.12 after Stifel's Aaron Rakers downgrades to Hold on valuation grounds. Seagate has a 117% YTD gain, Rakers points out, compared with 47% for archrival Western Digital (WDC) and 13% for the S&P. Nonetheless, he thinks shares could rally to the high-$30s/low-$40s range thanks to a positive September analyst meeting and favorable hard drive supply/demand and margin trends. Seagate still only has a trailing P/E of 5.5.
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Comments (4)
  • Pinocchio1
    , contributor
    Comments (206) | Send Message
    One guy, Whom I never heard of, and I have no idea what he has ever done, has a thought pass though his head (and a shallow one if I may add), and this giant loses 1.5% ?!!!
    Has Wall St gone mad?
    Or is it just a signal for shaking off the small investors, off of one of the best opportunities around?
    Either way - you guys don't get it - there is no one to shake off !!!
    We are just sitting on the sidelines waiting for massive layoffs in Wall St.
    Because without us - you have no income to pay your fat salaries.


    20 Aug 2012, 09:26 AM Reply Like
  • TwistTie
    , contributor
    Comments (2429) | Send Message
    I like the part about the "still".


    I didn't know they were into that.
    20 Aug 2012, 10:25 AM Reply Like
  • MTMatt
    , contributor
    Comments (41) | Send Message
    I bought STX today at $34.25. Thanks Aaron Rakers for creating a decent entry point.
    21 Aug 2012, 02:05 PM Reply Like
  • Bartian
    , contributor
    Comment (1) | Send Message
    Just about the time the stock starts doing something special, AGAIN someone does/says something to set things back. THANKS ALOT!
    22 Aug 2012, 10:38 PM Reply Like
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