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S&P 500: 1,340.35 Change: -0.84%
Peterjr
P&P Score: 99.03 | Points: 108.36 | Accuracy: 43.75 | Average Pick Score: 1.35   Annual Return: N/A  
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BUY: STEC INC. (STEC) Rating: 3
Start Price: $39.90
Points: -74.57
Created: 08/28/2009
seagate has interest so there must be some reason even though they don't have the money

2 Comment(s):

Author MightyMo     Date 2010-01-09 23:51:04
The maker of solid-state drives has $130 million cash in the bank, no debt, a $650 million market cap, and trades for just six times forward earnings. The stock collapsed in November when it announced that EMC had an inventory glut of STEC's SSD product. In other words, EMC ordered too much. Since EMC is the company's largest customer, it threw into doubt its earnings expectations. JP Morgan's analyst came out and said he still sees the company earning $2 per share in 2010 and put a $42 price target on the stock
Author Peterjr     Date 2010-02-19 15:12:00
loser
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