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Non-Tech : Any info about Iomega (IOM)?

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To: D.J.Smyth who wrote (36871)11/23/1997 12:34:00 AM
From: Michael Coley  Read Replies (1) of 58324
 
RE: When to Sell IOM?

Darrell,

If I remember correctly, your firm had a target price of $32 on IOM, at which point you were planning on re-evaluating. Was that right? If so, what are your plans now that we've hit $32?

Iomega has been a great trading stock for me. (I've never had a losing trade with IOM or IOM options!) I hadn't planned on keeping IOM as a long-term investment, but I'm certainly contemplating it now. It seems that their gameplan is solid, their marketing is on par with Microsoft and Intel, and they growth is only beginning. I think IOM could be an easy ten-bagger (from current levels) in the next five years or less. (Yes, I realize that's 60% annualized growth.)

- Michael Coley
- i1.net
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