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Non-Tech : Rocky's Personal Iomega Thread

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To: Gary Wisdom who wrote (33)1/18/1998 11:14:00 PM
From: Cogito  Read Replies (1) of 166
 
>>May I remind you that IOM's P/E is still well over 30. It has room to fall. INTC, a very high quality stock, has a PE under 20. IOM could fall as much as 1/3 in price and still be fully valued fundamentally.<<

Rocky, Gary -

One point which has not come up in this P/E discussion is that Iomega is going to report earnings this Thursday. Since earnings will be at least nearly double Q4 96 earnings, the P/E ratio for the trailing twelve quarters will drop into the twenties.

The Street may hate IOM, but the stock has consistently been awarded a P/E ratio between 30 and 40.

And BTW, Rocky, Intel's forward projections show slower growth than Iomega's. That's why their P/E is lower.

- Allen
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