Subject: Re: OT - STX
<DG
A blindly optimistic view? Historically they traded reliably at or over 1 times trailing sales per share, which might make a non-crazy new target. That's what, about $190 these days? Jim 12/4/2025 >
...still...?

Emphasis on the "blindly optimistic"? It's just an if-then: if the old valuation norms returned, then the price would lead to that happy result.

I guess if their business operation ever returns to running on all cylinders then the old valuation levels might eventually return. Emphasis on "if" and "eventually " : )

Meanwhile I've been sort of swing trading the new lower range, lightening up when prices were higher a coupla months ago, then adding some long calls during the current weakness. Prices around $100ish don't seem crazy for a firm that makes money through thick and thin, and may be making $8ish EPS a year out. I've made a whole lot from these fellas, just not lately.

Jim