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Non-Tech : IOMG - Clear Winner
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To: phil corelli who wrote (24)9/15/1996 3:58:00 AM
From: JF Quinnelly   of 129
 
Louis Navellier put a $55 target on the stock last year. His fund shows up as the fifth largest holder of IOMG on 6/30/96, having sold 1,900,000 shares while still retaining 1,204,000 shares. No doubt the stock was ahead of itself. But $55 was not unrealistic to Navellier last year, and $35 looked good to some institutional investors last spring. Either these institutional investors are dopes (and that very well may be) or the stock is "undervalued". Who knows what a proper price for this company is?! What's the current price to sales ratio? Any guess?
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