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Imation Corporation - Value Alert

Jul. 31, 2013 5:23 AM ETGLA
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Texas (July 31 2013) Wax Ink has issued a Negative Investment Interest rating for Imation Corporation (NYSE: IMN) based on a recent baseline equity review which placed fair value between $18-$20.

The recent close of $4.20 is approximately 60% below the fair value buy target for the stock and approximately 81% below the fair value close target for the stock. The recent close is also 40% below analysts' twelve-month $7.00 median price target for the stock.

The recent close represents a 28% decrease in the year over year price of the stock.

The stock currently has a trailing twelve-month PE Ratio of 83, and a PEG Ratio of (12.7) basis estimated forward earnings growth of (6.5%).

In the past 52 weeks, share prices have moved between a high of $6.05 and a low of $3.32, placing equilibrium at $4.22.

Basis the recent close, the stock is trading 44% below the 52 week high, 21% above the 52 week low, 0.5% below equilibrium, and has an average daily trading volume of approximately 176,000 shares.

Imation Corporation together with its subsidiaries, provides tiered storage and security offerings for business and products designed to manage audio and video information in the home.

The company's listed competitors include Hitachi Maxell, Ltd., Seagate Technology Public Limited Company, and Sony Corporation.

Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.

Wax Ink currently has no investment position in the company mentioned in this alert.

For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D.

Wax Ink is a baseline equity research company not licensed or registered with any government agency

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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