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Non-Tech : Any info about Iomega (IOM)?
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To: bull who wrote (9545)10/21/1996 11:28:00 AM
From: slipnsip   of 58324
 
What numbers are you using that gives IOMG an "actual" P/E of over 100?? To buy and sell based only on where the height of the P/E is silly. When the earnings were coming around from being negative to posative, the stock was trading at relative prices in the single digits with a P/E of over 1000. As earning have come in, the P/E has continued to fall. I guess it would not have been to silly to purchase IOMG at 5$ a share when the P/E was over 1000 a year ago.

David
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