I Exit Seagate (STX); stick with AMD

Just to note that I have sold my stock in Seagate (STX). I have not decided whether to continue coverage or not. While I think of myself as a long-term investor, I am looking to beat market indexes. Seagate was priced ridiculously low in 2012, for reasons I have explained in prior posts.

I believe Seagate has now become a dividend stock. It pays a good dividend, it has good cash flow, and it has a strong stock buy-back program. However, there are other stocks I think have better growth prospects that are not fully priced in.

I bought STX for $23.13 on 6/12/2012. I sold it in halves at $59.07 on 7/8/2014 and $59.82 on 7/18/2014.

I did my usual write-up of the June quarter (fiscal Q4) Seagate results and analyst conference.

In contrast, while I did sell 1/5 of my AMD on 7/16/2014 for $4.72 per share. I thought there was enough enthusiasm about AMD to cause almost any Q1 results to disappoint. But I still hold considerable AMD (as a % of my portfolio) because I believe it is making progress with its turn around. I believe AMD is a 2015 story, when it will start selling its new server chips, chips for gaming consoles in China, and the promised 1 or 2 major new customized SoC chips for confidential clients. For more see my AMD Q1 2014 results conference.

Of course I would be open to buying more AMD or STX if the prices fell low enough and my current expectations were unchanged.

New Seagate (STX) article

And another article accepted at Seeking Alpha:

Seagate Offers Dividend and Potential 2x Upside

I own some Seagate (STX) stock, not much, but I bought it at $23.13 on June 12, 2012 and right now it is at $40.50, so I am happy with it. The dividends, too, should add up over time.

Seagate June Quarter call notes

I was a bit surprised when Seagate (STX) had released its fiscal Q4 results and held its conference call before I even woke up this morning.

I have now posted notes on the call: Seagate STX fiscal Q4 analyst call

Akamai will be reporting this afternoon. I own shares of both Seagate and Akamai.

I now owe articles on both Altera and Xilinx ... busy, busy, busy.