Seagate Technology : Uncovering value amid the Nasdaq bear market

Good Value | Pragmatic Value Investing

Tech stocks have borne the brunt of the recent sell off in equity markets and with the Nasdaq firmly in bear market territory, it is unprofitable tech stocks that have been hit the hardest - down almost 60% this year. But amid these sell offs, there can be category leaders that fall to attractive valuations, relative to their long-term growth profile. Antipodes thinks Seagate Technology (NASDAQ: STX) is one of those leaders, and it's priced at just 8x next year’s earnings. In part one of this episode (2:20), Alison Savas speaks to Seagate's CFO, Gianluca Romano. In part two (22.00), Alison Savas and Graham Hay (Antipodes Portfolio Manager of Hardware, Industrials and Commodities) discuss the Seagate investment case.

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