GO
Loading...

Hedge Fund Trade Of The Week: Seagate

Wednesday, 26 Jan 2011 | 2:11 PM ET

Where’s the fast money finding opportunity? In this regular feature Anthony Scaramucci aka The Hedge reveals his latest greatest pick!

This week's trade is long Seagate, the #1 manufacturer of hard drives, according to the firm.

From Hollywood’s blockbuster movies, to the photos and videos we share with friends and family on our social networks, from servers that form the backbone of big enterprises, to desktop and notebook computers that fuel our personal productivity, Seagate storage devices, including hard drives, solid–state drives and hybrid drives, are all around us, says the company's website.

Check out some of the company's stats:

Seagate (STX)
Sector: Technology
Industry: Computer Storage Devices
Based in: Ireland
Market Cap: $6.5 billion
52-week high: $21.58
52-week low: $9.84

Anthony Scaramucci likes this stock as a value play. "Strip out cash it’s trading at 3.3 times earnings," he says. "Also it controls 30% market share. We love this name."

In addition famed value hedgie Whitney Tilson owns it, Scaramucci says.

Fast trader Steve Grasso adds that he's also seeing interest in this name among his clients.

Hedge Fund Trade of the Week
Anthony Scaramucci reveals his latest greatest pick.

Click here to check out other Hedge Fund Trade Of The Week posts

* Anthony Scaramucci runs SkyBridge Capital, a leading alternative asset manager with more than $7 billion under management. Every week on Fast Money, Scaramucci, aka 'The Hedge', takes you behind the hedges, giving you an unprecedented look at the names getting the most chatter amongst the hedge fund community.



______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our Web site send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Jan. 26, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Guy Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Steve Grasso owns (ASTM), (BA), (BAC), (BWC), (C), (CSCO), (JPM), (LIT), (LPX), (MHY), (NDAQ), (PFE), (PRST) and (S). Steve Cortes is short (XME) vs. S&P. Steve Cortes is short (LVS). Steve Cortes owns (GS). Steve Cortes owns (TSN). Steve Cortes owns (SVU). Steve Cortes owns (CLX). Cortes is short Corn. Steve Cortes is long U.S. Treasuries. Steve Cortes is long USD vs. the Mexican Peso. JJ Kinahan is short (SPY) through options. JJ Kinahan is short (NFLX) through options. JJ Kinahan is long (CSCO) through options. JJ Kinahan is long (YHOO) through options. JJ Kinahan is long (MSFT) through options. JJ Kinahan is long (C) through options. JJ Kinahan is long (MCD) through options. JJ Kinahan is long (AKS) through options. JJ Kinahan is long (GE) through options. JJ Kinahan owns (TBT). Anthony Scaramucci and SkyBridge Capital own (STX). Anthony Scaramucci and SkyBridge Capital own (WDC); Kinahan owns (AKS); Kinahan owns (CSCO); Kinahan owns (C)

ANTHONY SCARAMUCCI
Scaramucci and SkyBridge Capital own (STX)
Scaramucci and SkyBridge Capital own (WDC)

GE is the parent company of CNBC
NBC Universal is the parent company of CNBC

GUY ADAMI
Adami's wife works for (MRK)

STEVE GRASSO
Stuart Frankel & Co and its partners own (AAPL)
Stuart Frankel & Co and its partners own (ABX)
Stuart Frankel & Co and its partners own (CSCO)
Stuart Frankel & Co and its partners own (CUBA)
Stuart Frankel & Co and its partners own (GERN)
Stuart Frankel & Co and its partners own (HSPO)
Stuart Frankel & Co and its partners own (NEM)
Stuart Frankel & Co and its partners own (NWS.A)
Stuart Frankel & Co and its partners own (NYX)
Stuart Frankel & Co and its partners own (PDE)
Stuart Frankel & Co and its partners own (PFE)
Stuart Frankel & Co and its partners own (PRST)
Stuart Frankel & Co and its partners own (RDC)
Stuart Frankel & Co and its partners own (S)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners own (UAL)
Stuart Frankel & Co and its partners own (XRX)
Stuart Frankel & Co and its partners own (SDS)
Stuart Frankel & Co and its partners are short (QQQQ)
Stuart Frankel & Co and its partners are short (AAPL)

DENNIS GARTMAN
Funds managed by Dennis Gartman are long the Australian dollar
Funds managed by Dennis Gartman are short yen
Funds managed by Dennis Gartman are short euros
Funds managed by Dennis Gartman are long gold
Funds managed by Dennis Gartman are short Sterling,
Funds managed by Dennis Gartman are long Nat Gas
Funds managed by Dennis Gartman are long Swiss Franc
Funds managed by Dennis gartman are long wheat
Funds managed by Dennis Gartman are long silver
Funds managed by Dennis Gartman are long Soybeans
Funds Managed by Dennis Gartman are long Sugar
Funds Managed by Dennis Gartman are long Crude.




CNBC.com with wires.

  Price   Change %Change
STX
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report