Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Ken Pomaranski who wrote (46311)	1/30/1998 1:42:00 AM
From: Gary Wisdom	of 58324

Ken, as everyone loves to say to me every other week, see ya. Oh yea, one more thing . . . buying a company selling at a current 52 week P/E of anywhere from 20-35X when earnings are growing over 70% per year is not hype. I think you're mistaking your past experience with the current environment. As for admitting anything, I am guilty of putting too much of my portfolio in one company. I admit it. However, you are mistaken about hype. This stock was truly hype when it was $55 last year. At $26 pre-split, based on available information, it was a decent investment. At $8.69 post split, it may or may not be a good investment. Currently, I really do not know and must decide. But, I'll be damned if I sell at $8 just because they only grew their earnings 77% this year. Good luck to you. By the way, I held my tongue regarding your endless drivel regarding the basics of option investing (until now). You'd be best served to keep it to yourself. You do no one a favor here sharing it. Your methods are no more fool-proof than any others. Obviously, you proved it by losing money on your bull spread in Iomega.

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