Fellas i am newbie(for DSS) doing research on Quantum DLTMoney magazine is recommending this stock. I would like to know what would u guys suggest..about the long term performance of this company...and the stock valuation. What is the reason why this stock has gone down so much and is their any reeasons that it will go up soon.. any replies would be appreciated.. Thanks in advance...
I ran a PEG calculation on DSS not too long ago and this company's stock was fairly valued in this price range at that time. We currently own DSS shares and continue to add to our position. I don't want to presume what you already know about the company so forgive me if I repeat something of which you are already aware. In August of last year, Quantum separated its stock, dividing the tape storage (DSS) from the hard disk drive (HDD). Quantum is the inventor of DLT technology, of which there is a strong demand in the marketplace. As such, Quantum gets royalties from other companies selling/using DLT technology. This can be very profitable, as you can imagine. Tape (as opposed to Disk Drive) is a cheaper alternative to the every increasing problems of data storage, which is why it is so wildly popular. The potential, in my humble opinion, is superior. Disk drive storage has fallen out of favor and I think we'll see this stock (DSS) grow with its profits. I encourage you to research the numbers objectively and then factor in the more subjective potential. I think you'll agree we have a (currently) sleeping winner here.
Quantum's DSS prospects... Geesh, I'm more than surprised that you've asked!!... You've got true beginner's "luck"... if not wisdom in your choices, and in asking!!Hang in there!!... The party only starts in the basement!!
Guys thanks for the suggestion. As i can see the stock has bottomed out and has no downturn risk.. I am going to load up with this stock some times soon. Just wating for it to hit around $10.. Good luck trading..
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