Four Ways to Profit from the Good Fortune of Seagate
Thailand is the center of disk drive manufacturing. Recent flooding in Thailand damaged a large number of manufacturing facilities resulting in a lack of adequate supply of disk drives. Seagate [s:STX] is one of the largest manufacturers of disk drives in the world. Compared to the competitors, Thailand flooding left Seagate relatively unscathed. This gave Seagate an edge because it could steal market share from competitors. Seagate has pre-announced better than expected earnings and projections. Seagate reports preliminary Q2 revenue of $3.1-$3.2 billion compared to consensus of $2.81 billion. For Q3, Seagate projects revenue of