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20 Jul 2022 - Uncovering value amid the market sell off

By: Antipodes Partners Limited

Uncovering value amid the market sell off

Antipodes Partners Limited

June 2022

Tech stocks have borne the brunt of the recent sell off in equity markets and with the Nasdaq firmly in bear market territory, it is unprofitable tech stocks that have been hit the hardest - down almost 60% this year.

But amid these sell offs, there can be category leaders that fall to attractive valuations, relative to their long-term growth profile. Seagate Technology (NASDAQ: STX) is an example of this today. It's a beneficiary on the ongoing trend around data moving to the cloud as our lives become increasingly connected, and it's priced at just 8x next year's earnings. 

In this episode, Alison Savas hosts a deep dive into the company.

Part one (2:20): Alison interviews Seagate Technology Executive Vice President and CFO, Gianluca Romano. 
Part two (22.00): Alison is joined by Graham Hay (Antipodes Portfolio Manager of Hardware, Industrials and Commodities) to discuss the Seagate investment case.

Funds operated by this manager:

Antipodes Asia FundAntipodes Global FundAntipodes Global Fund - Long Only (Class I)

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