Historically, tumultuous times offer some of the best opportunities to buy stocks, and the market's recent mess surely qualifies. While many investors are getting more defensive these days, there's still quite a few who think memory maker STEC
In our Motley Fool CAPS community, 92% of the 665 investors rating the company are bullish, so there's no shortage of reasons why STEC will thrive, three of which I've highlighted below.
But here at The Motley Fool, we're all for looking at both the good and bad sides of an investment. Once you're done with this article, you can read the case against the stock, weigh in with your own comments below or rate STEC yourself in CAPS.
1. Growth industry
Although the adoption of solid-state drives (SSD) could take some time to play out, many CAPS members like STEC's strong position in this booming market, and see room for growth in the years ahead. Companies like HP
2. Beaten-down shares
After reaching new highs last year, STEC's shares have retreated more than 60% to a level that some CAPS members believe is a more reasonable price. The steep fall was fueled in part by the haircut that shares received in November when it became known that key customer EMC
3. Tech spending improvement
While the economy isn't in full recovery just yet, and companies are still watching their budgets, recent signs of an improvement in tech spending has some investors feeling more bullish on other IT-focused firms. Companies like Akamai Technologies
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Fool contributor Dave Mock has three good reasons not to fly paper airplanes near campfires. He owns no shares of companies mentioned here. Akamai Technologies is a Rule Breakers pick. The Fool's disclosure policy hits the links regularly, but still calls itself a duffer.