IOMG just dropped $3.50 in 15 minutes (5 million trades!) Message Board

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Non-Tech : IOMG just dropped $3.50 in 15 minutes (5 million trades!)

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To: Jesica Dawnet who wrote (22)	10/7/1996 10:15:00 AM
From: Cogito	of 25

Jesica, if Iomega's next quarter income doubled, then their P/E would be quite a bit below 90 at $21. I'm not saying it will, but this illustrates why P/E alone is not the way to place a value on a stock. You have to factor in a few minor variables like growth. At this point, every analyst following IOMG predicts a fourth quarter which is very strong. In fact, they are predicting earnings will MORE than double. The consensus is for .07 per share in Q3, and .18 in Q4. Put those numbers into your calculator and see what kind of P/E you get. Quite a reasonable one, assuming today's price. Of course, by then, the price will have gone up. So what does that tell us about whether the stock is a good buy right now? - Allen

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