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imnotspecial

imnotspecial
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  • Starbucks: Why I Bought This One And Why I'm Keeping It For A While [View article]
    Faithful customer and shareholder for some time now.
    Apr 26, 2015. 10:59 AM | 4 Likes Like |Link to Comment
  • Seagate (STX -3.6%) and Western Digital (WDC -1.8%) slump after Jim Chanos calls the hard drive makers value traps at the Sohn conference. Chanos, who was bearish on Dell before the bottom fell out of its PC business, calls the hard drive industry "PC with a year lag." "Most people have way too much storage as it is on their laptops and desktops," he adds. Seagate is Chanos' favorite short - he cites margin pressure, accounting issues (Chanos thinks $1B of goodwill from the Samsung deal could mask cash flow issues), and insider selling. [View news story]
    Surprise, surprise! He is short on the stock.
    May 9, 2013. 10:31 AM | Likes Like |Link to Comment
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