An Lbo At Seagate

The recent high-tech rout has been horrific--for companies ranging from Internet startups to old-line component makers. Among those dragged down is disk-drive manufacturer Seagate Technology (SEG). Rick Mastain of Delta Capital Management thinks Seagate has fallen so far it can be considered a value stock--Delta's specialty. "Everybody's so fixated on technology these days, but this is an interesting way for a value investor to participate," says Mastain.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.