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Wednesday, November 11, 2026

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On October 2, 2026, Seagate $STX and Western Digital $WDC each fell 10.2%, while Quantum $QMCO rose 8.2% to its $34.50 peak. $QMCO’s drop started the week before it fired its CFO on October 9, along with a selloff in hard drive stocks. Toshiba, which makes hard drives like $STX and $WDC, said on October 2 that its Philippine plant is “aiming to nearly double its annual production capacity” of data center hard drives by its fiscal year starting April 2027. More hard drive supply could (1) hurt $QMCO by easing the disk shortage that helped push customers toward tape, as I covered in my April 22 tape primer, and (2) help $QMCO by easing the constraints on “certain disk drives” that CEO Hugues Meyrath mentioned on the June-quarter call. From October 2 to October 9, $QMCO fell 11.8%, vs. 4.3-8.0% for SanDisk $SNDK, $STX, and $WDC. Then, from the October 9 close, before the firing was disclosed, to October 27, $QMCO fell another 33.4%, vs. 4.1-17.5% for the three storage stocks. So the storage selloff explains part of the drop from $34.50, but most of it came after the firing, which is specific to $QMCO.

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Cat-Scratch Fervo

Fervo Energy raised $2 billion in its May IPO, then fell nearly 70% below issue price after a Morpheus short report, despite targeting 1 GW…

FRVO $2.3B
Doomberg 4 clicks

Sea Ltd Earnings Update: Q3 2026

Sea Ltd reported Q3 2026 revenue of $8.6 billion, up 43.4% year over year, while net income rose 34.0%.

SE $48B
SixSigmaCapital: Navigating the Financial Markets 4 clicks
OSW · short

One Spa World

OneSpaWorld (OSW) faces about 37% downside as its valuation requires unattainable growth in average revenue per customer after major-market…

OSW $3.1B
Value Investors Club

Research update

S&P Global research will assess Platts, Kensho and ratings growth; Benefit Systems’ 72% YTD rally changed its valuation, while Netflix and…

ICE $96B
Global Outperformers 3 clicks

The AutoNation Story

AutoNation shed rentals and megastores, focused on dealerships, and retired 91.1% of its shares through buybacks after its 1990s roll-up…

AN $5.9B
Cannibal Stocks 3 clicks

The 10-Q Fills In the Buyback

Empire State Realty Trust bought $86.1 million of stock through November 6, while corrected sum-of-the-parts values range from $9.12 to…

ESRT $1.3B
Orphan REITs 2 clicks

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