2023-04-24 23:27:10 ET
Summary
- Seagate is a dominant player in the market for producing data storage equipment.
- The company has demonstrated a strong capacity to return cash to shareholders through buybacks and dividends. Financial performance has been declining recently, though.
- With less free cash flow available, a very challenging growth environment, and increasing interest rates, I find STX stock overvalued based on discounted dividend models.
- The company had a US address of 900 Disc Drive. If you don't see the fun in that, maybe you'll find owning the stock more entertaining.
For further details see:
Seagate Technology: Challenged By Lack Of Growth