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Non-Tech : Rocky's Personal Iomega Thread
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To: Rocky Reid who wrote (31)1/18/1998 2:10:00 PM
From: Gary Wisdom  Read Replies (2) of 166
 
Rocky, in answer to your post on the P/E

You wrote:

>>It's hard to believe Iomega is a short sale candidate with a close at 12.125 and support at 11.29. Not much room on the downside unless something changes fundamentally.<<

May I remind you that IOM's P/E is still well over 30. It has room to fall. INTC, a very high quality stock, has a PE under 20. IOM could fall as much as 1/3 in price and still be fully valued fundamentally.

I respond:

At $12, trailing four quarters' P/E is 33. On Friday, at the current price, the trailing P/E is 26. When a company is growing earnings at over 100% per year, 26 on trailing earnings is a very, very low P/E multiple.

Fundamentally, you obviously don't know a thing about fundamentals. Or else you would never make such an uninformed statement.
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