Engages in the design, manufacturing and marketing of rigid disc drives. Produces a range of rigid disc drive products, which are used in enterprise servers, mainframes and workstations.
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I have been watching this one for awhile now and finally got in. I think STX is extremely undervalued on a valuation standpoint. Although the stock has run up quite a bit, I think this "should" be a double or triple in a year two, even at these levels. With outstanding earnings growth and a 4% dividend, there is a lot to like. Moving into the cloud space could prove to be one of the major growth drivers going forward for years to come.