My Ship Came In with Seagate

My call on Monday to buy Seagate Technology (STX) is working out great so far. STX has gained more than 2% in just four days and my recommended combo trade of buying shares and simultaneously selling puts is ahead by better than 3%.

As I wrote on Monday, Seagate "has been able to successfully cut costs, while keeping its eye on the ball as far as hard drives designed for businesses are concerned. Enterprise drives for business clients are a far more profitable business than selling hard drives for the personal-computing crowd. These are all solid reasons to own the stock of any [company]. It's that dividend, though, that catches this guy's eye. An annual dividend of $2.52 per share paid in quarterly installments of $0.63. ... Not bad at all."...176 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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