In this technology driven world, everything’s about data. Either on the cloud, personal devices or other storage devices, everything is stored somewhere. This somewhere in most cases is a hard drive, which are most likely made by Western Digital (NASDAQ: WDC) or Seagate Technology (NASDAQ: STX). For a few years now the two companies have competed for the reign of the electronic storage products, and in the process, they haven’t really “taken each other out”, but rather both saw very healthy profits and growth. In terms of an investment however, STX has the upper hand.
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I feel like lately I’ve been on a high yielding binging spree… First I recommended LINN Energy, and now comes another semi-controversial company who’s been on my radar for a few years but I’ve always feared getting into: Chimera Investment Corporation (NYSE: CIM).
Lets start with a quick introduction…
CIM is a mREIT (mortgage REIT) that’s externally managed by Fixed Income Discount Advisory Company (FIDAC) which is owned by Annaly Capital Management (NYSE:NLY). The whole purpose behind CIM really is to allow NLY to invest in riskier instruments that aren’t guaranteed by government equities or groups like Freddy Mac or Fannie Mae (such as residential mortgage-backed securities, residential mortgage loans, real estate-related securities, etc. rather than physical real estate).
For a few weeks now I’ve been looking into LINN Energy (NASDAQ: LINE), trying to figure out if this double digit yielding company who’s stock took a serious beat a few months ago and hasn’t recovered since. While I’m no expert, it became very evident based on the few reports I got my hands on that this is a name worth getting into.
As general practice, I’d like to lay out the negatives first, because there are always negatives… The stock took a serious hit back in July 2013 after an SEC inquiry regarding LINE’s accounting practices. As a response, LINE Energy filed a S-4/A disclosing some major accounting irregularities around September 2013. Curiously enough, the fact that the SEC was looking into the company caused a serious dip, but the actual disclosure of some irregularities didn’t have as big of an effect. The SEC hasn’t disclosed anything about their investigation as of now. On top of this, LINN Energy announced in February the attempted acquisition of Berry Petroleum (NYSE: BRY) but hasn’t started the merger mainly because the SEC is taking its time with the paperwork of the deal, which is all tied into this investigation.
Who in their right minds thought they should compete against Intel (INTC)? Advanced Micro Devices(AMD) did. While their stock dropped almost 65% in the past year, ever since end of November 2012, the stock finally started looking up, climbing slowly and steadily.
While your first thought might be “they’re on the rise, not the best time to buy” I believe that’s not the right train of thought. AMD currently at $2.59 and been climbing relatively well (Chart below) in the past couple of months. Even so, they’re still ways away from their 52-week high (8.35).