The market is doing well today. It looks like spending is back up according to Yahoo News, Consumer Spending Gives Economy a Lift.
Cisco (CSCO) is having a great day. It’s at $21 as I’m writing this. It has paid well for those shareholders who have been patient. Sometimes it takes time for a company to be discovered by big institutions or time to recover from a crisis.
Apparently, Seagate (STX) is also having a great day. It’s up 70 cents to $27.27. Seagate is getting much more notice now and they should. They are the top hard drive manufacturer and have great storage technology. Their new perpendicular drive technology is being covered in PC magazines and will receive more attention. The stock price is highly underpriced at a P/E of 12.8. There should be plenty of room for stock growth.