Some comments--hopefully you can reassure me:
1) If this were any other stock I'd wouldn't touch is with a ten-foot pole with the way it has been behaving--in my experience when the future looks bright, as it does for IOM, but the stock price just keeps sinking (all the drive makers are up today, IOM is down--I know, I know, IOM isn't a drive maker, but you get the idea), there is something rotten in Denmark. . .
2) Earning may be great this quarter, but doesn't the whole world know this--even a moron, or worse yet, an analyst should be able to figure out what type of quarter they're having so I'm assuming that it's built into the price--also built in must be some fairly significant worries about the company's longer term prospects or it wouldn't still be at 12 and change. . .
3) Back the drive makers, if IOM is only afforded the kind of p/e that has historically existed in the drive sector, then the price may not move up significantly until IOM reaches about $1.50 in earnings something more than a year from now. . .
Now on the bright side. . .
Wasn't there a mention of how there were some worries about IOM's earning next year on Wall Strett on CNBC the other day--this leads me to believe that maybe the analysts are even bigger idiots than I thought--it seems to me the margin on the retail Zip+ are huge compared to what they are on OEM sales. . . Then there's the disks, etc. etc.
Sales look strong. . .
Now products are on the way--although the delays are getting annoying. . .
Oh well, just babbling. . .
But seriously, aren't you a little worried about the stock price? |
