3M LS-120 Beyond the zip. Message Board

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Non-Tech : 3M LS-120 Beyond the zip.

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To: Patrick Keeler who wrote (144)	8/22/1996 11:10:00 PM
From: Stephen Leung	of 170

Valuation I used the range of $9 - 11 based on reading a lot of analyst's idea of fair market value. If you use the P/E ratio model, the price is around $12. That is why I said that accumulation of the stock is advisable considering the recent downturn. Today's action has once again blown away all valuation models and again shows the volatility in price swings. I think if people got in at its lows of 12.625 back a day, they got a bargain. Momentum investing will swing the stock up maybe to the 20's. It is so hard to predict in this type of market where online chatter is creating wide price flucuations. I have always been bullish on Iomega on the long term. I was only bearish short-term on all removable storage companies. I myself have finally purchased 200 shares of this company today after looking at the deeper fundamentals more closely.

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