Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: wooden ships who wrote (3009)	1/22/1998 11:35:00 PM
From: Bob Brinker, Jr.	Read Replies (3) of 42834

Wow, Iomega got slammed today. Is this justified? This is a fun stock to watch. There is a good article discussing the Iomega sell-off today on the fool's web site: fool.com Here is a brief excerpt: "With $1.7 billion in 1997 sales, at $9 per share the company is capitalized at $2.5 billion (on 282 million shares outstanding, assuming dilution). So the stock trades at just 1.4 times sales, but at 14 times operating income of $177 million. On the more common earnings per share front, with fully diluted earnings of $0.42 per share for 1997, the stock now trades at 21.4 times trailing earnings, as low as it has been in a long time. Prior to today analysts expected at 39% increase in earnings per share for fiscal 1998, putting the stock at 14.75 times the current estimates of $0.61 per share for the year ended in December"... I'm sure glad it's in the Fool's portfolio and not mine! -bb jr.

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