Thread regarding Seagate Technology Inc. layoffs

Time to short STX?

They can’t increase dividend anymore, as profit continue to decline. Debt is alarming. Need to cut 15% employees

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| 1505 views | | 3 replies (last January 21, 2020) | Reply
Post ID: @OP+137MW43Q

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They blew all the money on share buybacks to enrich the top, instead of debt reduction, or capital investment. It's the me first CEO generation.

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Post ID: @bno+137MW43Q

Look at the debt ration stock price should be at $15-18. Highly overvalued. Planning to short heavily before earning.

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Post ID: @oor+137MW43Q

Agree, time to short revenue going down year over year, profit us mainly reducing the workforce. I shorted last week at 61.

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Post ID: @ejy+137MW43Q

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