SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: who wrote (3398)6/24/1996 2:49:00 PM
From: Rustam Tahir   of 58324
 
>>>>>I guess I am looking for a 10 to 100x move<<<<<

Do you really mean 100 times the current price? That's 3000, which just might give IOMG the highest market cap of any stock. If that EVER happens it will be far longer than two years.

10 times the current price gives you 300, which puts a market cap of IOMG at 38 Billion, which puts the Company among the behemoths of US Corporations. That won't happen in two years either.

Before IOMG goes anywhere it will have to convince the Street that its future earnings will surpass Seagate. SEG's market cap is just seven points away. Now maybe you think IOMG has a rosier financial future than SEG. But at the moment, the Street has more respect for SEG. If the upcoming quarter's numbers surprise the Street, I'm sure they'll begin to reassess whether or not IOMG belongs in the forties.

So maybe it's a double in a year, and 4x possibly in 2 to 3 years. But whatever number it does, it's going to have to slog out its future gains like all the rest of the mid-cap stocks.

Unfortunately for all those who bought recently expecting huge percentage gains like the last year, it isn't going to happen. IOMG is in a different league with stricter rules, so to speak. It's more of a numbers game now.

Rustam
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News