As our innovation is lowest ever and demand for our product declining, our stock price may hit 25 by end of this year.
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You say Seagate will rule the buggywhip market for the next 20 years? How exciting...
I doubt that STX would hit <30 this year... not that soon
hey mr yawwwwwwwwn it works Seagate is gna rule the hdd market for next 20 years
Yaawwwnnn. Call me when Seagate actually releases a HAMR product. This has been a "the checks in the mail story since 2010."
the hamr is ready to come down, its in testing centres working 100% its gna take hdd to the next level 40, 50 60 100 tb
HAMR dead before even it arrived to the market, good luck!
HAMR ahead of schedule? It was due years ago.
I am senior working for 19 years, looking for a job, not easy to find another one, therefore stocking here, I am sure company under down turn. There is no solution in sight.
If you own this stock, what you own is a share of 5 billion in debt. If ALL post dividend income is diverted to pay debt assuming last years peak income will continue forever, your talking 15-20 years to pay it off. How much will HDD income grow? LOL. A share of Seagate is like owning a share of somebodies underwater mortgage debt, and that someone is going to get laid off soon.
Annual net income last year was 1.1 billion. Dividend payout was 65% of that. What happens if the market tanks and income falls? That's right. Dividend cut. What would that do to this stock? You can bet income is going to fall in the next few years. NAND prices falling off a cliff, so what must happen to HDD prices? Yep. Down down down.
seage ids flying demand for hdd is thru the roof, gna get even busier, hamr ahead of schedule, future is bright heres to next 20 years
HAMR is ready to go. Management just waiting for Christmas season. Every child will want disco HDD complete with lasers in their stocking.
I will short before earning, easy money this time.
I sold. Planning to short next week
You already know the HAMR result right? It is a flop!
Just wait until HAMR is released. Then the stock price will double!
It's not lack of innovation. Seagate engineering has delivered everything the management has asked and more for decades until we were again asked to do in the impossible with HAMR. The financial engineering innovation has been something to behold too, but that 5 billion in debt now sitting on the ledger will need to be paid off or refinanced at higher interest rates. Will future cash flows cover it if HDD demand tanks? Nope. NAND prices are falling fast. Tic Toc.