Ref:"P.S. heard in the background something about IOMG not being
a PRST."
PRST will be longterm winner too, in my opinion. But it certainly is no
IOMG - at least for another 2-3 years. Even at current price, it has market
cap of 1.0 bils on 12 month sales of only 21 mils. However, due to its small
number of shares (15 mils), and a potentially monopoly in a high margin
razor blade (printing plates) business, I think its PE will be at respectable
level very soon.
With the BUY recommendation from JP Morgan, I think IOMG will no longer
be labelled "speculative" and "hype" and grouped together with the likes of
IDID, ZE, DIANA, OCCF, etc. by the financial media. The WSJ, Barron's writers
and CNBC folks must look like fools now to many people. I am quite sure that
many investors who believed that IOMG was purely speculative and hype --
based on the info and hatchet jobs they got from WSJ, Barron's, et al -- must
have dropped their jaws in total surprise when they heard that JP Morgan put
out a BUY on IOMG. How can that be? What happened to the stuffs they
read and heard constantly about IOMG in the last 3-4 weeks? Could it be
that WSJ, Barron's, CNBC, and all those experts have been wrong all along?
Must have been very hard for CNBC 's Joe Kernan to read the recommendation
by JPM, after what he and his colleagues have said recently about IOMG
investors and the AOL MF and internet forum 's pure "hypes" on this company.
I understand that just last night, the same folks kicked the IOMG horse very badly
while it was down at 21. (I didn't watch CNBC last night, but some coworker
told me about it.) Don't you think the average investors out there watching TV
and reading the financial papers noticed the complete turn around?
Now that's the big boys are in, and since these folks are much smarter and more
informed than all of us here put together - the media will say that the little IOMG
investors must have just lucked out on our blind faith and hype and perhaps may
not be completely stupid after all. |
