Out Fox The $treet

Stock buybacks often get a bad name in the financial press, but evidence continues to mount that, outside of a few glaring issues, the concept rewards shareholders. One recently unlikely success was the massive 2012 stock buyback programs by  Seagate  ( NASDAQ: STX     )  a leading supplier in the commodity enterprise storage sector that has seen its stock soar in 2013, along with fellow storage player Western Digital ( NASDAQ: WDC     ) . With the PC market in decline, the storage business, and new methods of storage lurking to overtake the historical disk-drive-based systems of Seagate and Western Digital, the tandem thrived anyway. At the time, EMC ( NYSE: EMC     ) was the dominant stock to own in the storage space. Ironically, that stock hasn't seen any gains in the last couple of years, despite better growth. Ironically, the lagging stock is now ramping up buybacks. Read the full article here . Disclosure: No pos...

As chronicled a few weeks back, OCZ Technology Group Inc (OCZ) is one of the most drama-ridden stocks in the market. The stock has been whipped around by numerous buyout rumors and a wild pattern of high growth followed by disappointing earnings. After the close on Wednesday, the company again reported disappointing preliminary revenue numbers, even as demand soars. That was the bad news and likely what the market will focus on, with the stock trading down 20% in the after-markets. The good news that the market will ignore is that the guidance miss is due to the lack of NAND supply from third party suppliers. Bookings again exceeded expectations and that should ultimately guide the stock price. The shortage of NAND appears related to Apple (AAPL) buying up all available supplies for either the iPad-Mini or the iPhone5. This caused suppliers to cut capacity for the 2xnm MLC NAND used in the Vertex and Agility line of products. Read the full article at Seeking Alpha. Disclosure: L...