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Non-Tech : Any info about Iomega (IOM)?
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To: Rocky Reid who wrote (34095)10/31/1997 3:42:00 AM
From: Ken Marcus  Read Replies (1) of 58324
 
Rocky Says:>>A year ago, IOM's Institutional ownership was around 17%. This year, it dipped to around 9%, and recently has made gains almost back to where it was one year ago.The low Institutional Ownership of IOM stock says mountains about what the Big-Wigs think about it. They don't. Therefore, IOM stock will never enjoy the fruits of being a favored issue-- like AOL and SYQT.<<

Never?? Basically, I disagree with you. Memory fades and along with it the internet hype image of Iomega. Just like overhead resistance, the farther back it is the more meaningless it becomes. Money eventually flows to profitable companies. Short term emotions are meaningless.

>>Bear in mind that Iomega's year to year growth is rapidly maturing and levelling off. It's current PE range of 33-40 already accounts for more than a year of growth, and with projections for revenue gains to decline rapidly year to year, it's PE will drop accordingly. <<

PE is based on earnings not revenues. I expect Iomega to have good recenue growth, but I expect them to have great earnings growth. Royalties don't increase revenue much, but they are 100% profit. As far as slowing earnings, "135 percent increase over third quarter 1996 earnings" is enough for me.

Still long,

Ken
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