Seagate Falls Further Behind
I always enjoy midweek holidays, because companies try to sneak in earnings misses, hoping to catch investors unaware while the heavy hitters are away for an extended vacation. But it never works.
Last night, after the market close, Seagate Technology (STX) tried to sneak in an earnings miss and reduced guidance while investors were in the Hamptons. But I caught them. I guess it doesn't matter too much. To me, the disk-drive makers have always been a lousy investment. And I think it's about to get worse....369 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.