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Non-Tech : Any info about Iomega (IOM)?
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To: Gary Wisdom who wrote (43840)1/18/1998 2:39:00 PM
From: Rocky Reid  Read Replies (1) of 58324
 
>>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.<<

There's just one thing wrong with your statement. Iomega's projected growth this 1998 year is just about 35%-- not 100%. Big difference. With the PE so high, IOM is already fully valued at its present level.
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