>>>Speaking of stability, Well, I admit that IOM is pretty stable. It hasn't done anything in the past year except go down.<<<
>Have you checked the figures on the Iomega profile page, right here on SI? Percentage price change year to date +42.4%, percentage change last 52 weeks +1.8%.<
Thank you for proving my point. Only up 1.8% in a year's time? For a stock that was "Greatly Undervalued", as several people here had put it at the time, a gain of this whopping magnitude could have been bettered (nay, doubled or tripled) by an average Savings Account. All the warnings that were offered back then went unheeded, and Iomaniacs sat out an entire year of a rampaging bull market.
Here is another warning: Iomega is in trouble. The likes of Sony, Fuji, Syquest, Terrastore, etc. are gearing up for this market, and Iomega has failed to make Zip a standard piece of computer hardware, with fewer than 3% of all new computers sold with Zips. They have had 3 years now to get this thing going, but still only 3%. And it gets worse. The hottest computers these days are the low-price models, some under $1000. These certainly do not contain Zips,as margins are already squeezed enough. We recently may have seen the highest stock price IOM will ever achieve, right here in the 20's. |
