Brian- Getting a little mental whiplash here trying to follow your statements. Perhaps I'm missing something?
First you write:
<<Finally, some sense! I agree with every one of your words! This stock is just simply
overvalued. Too high a p/e, low margins...everything I've been trying to say! These
bulls need to stop dreaming. IOMG just can't go much higher.
Thank you for this accurate post.
Brian>>
And then you say:
<<Jack,
I don't think I understand what you are trying to get at here. You advise me to
"look for a stock whose 'fair' value is going to steadily increase..." Is this not
true about IOMG? If it were not, then there would be even less reasons for it
to be trading at these multiples than there already are! What I am saying is
that even though this stock is one of, if the not THE most volatile one out
there, over the long term, it should fair very well.>>
So, which is it...
<< bulls need to stop dreaming. IOMG just can't go much higher. >>
or
<< over the long term, it should fair very well>> ?
Also you asked: <<I don't think I understand what you are trying to get at here. You advise me to
"look for a stock whose 'fair' value is going to steadily increase..." Is this not
true about IOMG? >>
As a long term holder (based on the best information I have at this time), I agree that IO fits that description.
Others, who interpret the information differently would say no, its a one shot story stock that's had its run and is going to collapse...- or words to that effect. It's this type of disagreement about "reality" that makes the market so doggone fascinating.
You know the old saying about whether the glass is half empty or half full? I think the answer depends on whether you're in the act of filling it or pouring from it.
In my estimation, KE has just begun turning on the IO tap; Syquest dropped their glass and broke it; Compag is looking for theirs; and any other players who have not yet signed up with IO (fewer all time) are looking to see where they can get a drink! |
