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Non-Tech : Any info about Iomega (IOM)?
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To: Zakrosian who wrote (44516)1/22/1998 8:12:00 PM
From: stock bull  Read Replies (1) of 58324
 
TO ALL: After seeing the numbers, I think the market over reacted. KE said the 2 cent short fall was due to Asia.

Earnings for the year was 42 cents with income of 115 million. The p/e ratio is therefore: 9/0.42 = 21.43. Seems to me that a growth company should trade at a greater p/e than 21. I for one think we will see the stock move up after some initial selling that may occur tomorrow morning.

The important thing is that IOM continue to grow and keep competition at bay.

Comments appreciated.

Stock Bull

PS: For those that stayed in the stock, this is not the time to sell...IMO. Not so sure I would buy until the stock settles down.
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