I agree that, at least up until this quarter, Wall Street analyst types with little understanding of the market tended to denigrate the company (and stock). But with so many speculative plays rising and crashing every day, the atmosphere has changed.
Your view that it's a "sure thing" could be hazardous to your portfolio. I certainly hope you're right for your sake, but I've never seen any technology stock that was a "sure thing." At some point in its history every stock gets ahead of its valuation support and corrects more or less severely. Iomega, with its recent volatility and small-investor support, is particularly likely to correct big, like 50%. If growth continues apace and the financial footings of the company are firmed by profits and new financing, it might then make new highs, but at a slower pace.
And there can always be another shift, a new technology, a hot new design backed by consumer electronic companies, etc. I'd be happy to talk to employees if I knew some, but as a former employee of a now-busted hot tech company, my experience shows employees may not have the complete picture of a company's future.
Anyway, best of luck. Perhaps we've seen the worst of it for now. |
