Imation Corp. (NYSE:IMN)

CAPS Rating: 5 out of 5

The Company is a provider of removable data storage media products designed to help its customers capture, create, protect, preserve and retrieve valuable digital assets.

Recs

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Player Avatar NeroSagetrade (91.74) Submitted: 10/11/2007 8:31:21 PM : Outperform Start Price: $24.73 IMN Score: -66.59

If Im going to own SanDisk in the flash memory arena I might as well own the most undervalued removable data storage company. Imation is trading at nearly par to book value. They are growing revenues at 25-30% per year but are reeling from a slight reduction in EPS over the last two quarters. Still the company is trading at just 12 times forward earnings and they are clearly growing faster than nearly all other competitors. They are extremely cash heavy as well, with $6 per share in cash with no debt. I'd bet these oversold conditions don't hold for long and I'd be a buyer here.

Nero
Sagetrade

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