We recently wrote about Seagate (STX) so wanted to update you on this acquisition. Seagate is buying Xyratex (XRTX). Xyratex is a UK based data storage company and ostensibly this acquisition adds customers and improves Seagate’s supply chain. Seagate is paying $374 million for the acquisition that translates to $13.25/share. Xyratex’s shares closed today at [...]
XRTX – Xyratex Ltd.
Xyratex Ltd provides modular solutions for the enterprise data storage industry and hard disk drive (HDD) capital equipment for the HDD industry. The company markets and sells its products primarily to OEMs and disk drive manufacturers, as well as to other companies in North America, Asia, and Europe. Xyratex Ltd was founded in 1966 and is headquartered in Havant, the United Kingdom.
I closed out my stake in Xyratex, (XRTX) today for a 29.94 % gain (excluding dividends). The stock was initially purchased on June 30, 2011. Average cost for this and subsequent purchases was $12.39/share. The position in this stock in the Value Stock Guide portfolio was closed as the stock hit the target price today. [...]
50 Best Small Cap Stock Picks for 2012 for valuation and earnings. Includes downloadable spreadsheet.
In its August quarter, the company easily went past the analysts’ mean expectation of $0.17/share and brought in earnings of $0.32/share. While the industry continues to stay weak, due to the regulatory hold ups alluded in my previous report, the company is continuing to execute well within this environment. The company now holds an astounding [...]
This is a past Premium recommendation and is made available for your reference. For more past trades, refer to our trade history. You might recall I recently purchased shares in the data storage company Xyratex (XRTX). This is a reasonably small company (Market Cap: $300 Million) based in Havant UK that provides solutions and technologies [...]