This company’s revenues are on the decline is a known fact. But complementary channels of income are being built, and the company is positive about returns on that front. Does the company have strong enough financials to take a further beating on stock price and keep on ticking on dividends? Is this risky investment worth the trouble? It might well be.
Seagate (NASDAQ:STX) is a 35-year veteran of the data storage business with 52,000 employees around the world and 9,000 patents to its credit. In recent times, the company has been moving from being purely a data storage provider to a company that provides solutions aimed at harnessing that stored data - a significant transition that has been forced due to the disruption that is taking place in the increasingly interconnected world.
Source: Seeking Alpha
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