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Non-Tech : Any info about Iomega (IOM)?
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To: Rocky Reid who wrote (50803)3/20/1998 5:29:00 PM
From: Cogito   of 58324
 
>>It's still not too late to bail RIGHT NOW and take advantage of lower IOM prices a month from now. This will also let you take advantage of the wash sale for taxes.<<

Rocky -

This is another example of why I can't take your posts seriously.

First, you are certain that IOM will be lower in one month than it is today. While that may be true, it isn't definite. If the Q1 report shows even a slightly lower loss than the warnings indicated, and if there is a positive forward outlook in the CC, there's every chance the stock price will react positively.

Second, in a previous post you sounded like you were assuming that Needham's latest estimates will be the actual reported numbers. Based on that, you demonstrated that at the end of the year, a P/E of 50 would yield a stock price only slightly higher than today's.

It seems that the two posts contradict each other. If the earnings for the year will turn out to be no better than the dismal numbers forecast by Needham, then how much sense would it make to buy IOM in thirty days?

- Allen
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