In addition to manufacturing and selling disk drives, STX provides data storage services for small to medium sized businesses, which includes online backup, data protection and recovery solutions.
On December 19th 2011 STX completed the acquisition of Samsung Electronics Co., Ltd's hard disk drive business. In August 3, 2012, it acquired 64.5% of LaCie S.A.
Current STX Statistics: 52 week$9.05 - $35.71 Vol / Avg.12.06M/10.93M Mkt cap$12.72B P/E4.96 Div/yield$0.32/4.00% EPS6.45 Shares397.27M Beta2.38
Headquartered at 38/39 Fitzwilliam Square, Dublin, Ireland, STX is the elite, worldwide data backup company. Their stock is flying high and a very safe investment at their current price point. I suggest going to their "About Seagate" webpage (http://www.seagate.com/au/en/about/newsroom/) and also their "Company Overview" webpage (http://www.seagate.com/au/en/about/company-information/) to learn more about this reliable company.
Positives: STX has great growth potential, is still undervalued and has a low PE. Their dividend is high within their industry. Additionally, cloud computing will have a never ending need for storage. Although STX had a huge move up during the past 52 weeks they are expected to earn $8.66 per share in 2013. I wouldn't be surprised if this stock doubles within the next 12 months. I am not trying to pump this stock or make it something it is not. I am just a common man passing along some helpful advice. I really like Seagate's management and products. STX has good free cash flow and an impressive balance sheet.
Negatives: So what's wrong with STX? Well, traditional hard drives are not going away anytime soon. Also, companies such as Western Digital, Samsung, Fujitsu are not going away anytime soon either. It will be interesting to see what products Seagate creates to stay relevant and a head of their peers.
STX has a solid foothold in the electronic storage drive market. They are a highly profitable company and their products are really slick, sleek and reliable. Need proof? Check out these products below, but more importantly check out the 3 YouTube Videos below.
Until next time friends, invest as much as you can into your future. No one is going to do it for you. Dividend paying stocks are the way to go. With compounding and smart stock picks your portfolio will begin to grow and snowball into a vault of wealth!
The Seagate Story
Tour of Seagate's Drive Factory in China
Seagate Shows Off Updates to GoFlex Satellite including a 4G LTE Version