Uncovering value amid the market sell off
Antipodes Partners Limited
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.
Funds operated by this manager:
Antipodes Asia Fund, Antipodes Global Fund, Antipodes Global Fund - Long Only (Class I)