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Non-Tech : Any info about Iomega (IOM)?
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To: John Lacelle who wrote (49033)2/28/1998 9:35:00 PM
From: Rocky Reid  Read Replies (2) of 58324
 
>>I expect this stock could double this year, and again the next. I'll take a "2-bagger" with little downside risk.<<

Ya know, we've been hearing this same crap from Iomaniacs for awhile now, and if I had listened to them, I'd be sitting out a raging Bull Market for about 2 years.

Face it, IOM is over. This broken down stock couldn't carry the spit bucket of stocks like DELL or MSFT, let alone be compared alongside them. IOM will not double this year or the next, just like these past 2 years. IOM's PE will continue to decline, as it has since the big blow-up to the $50 level (pre-split). IOM's PE has steadily declined from the 60's to the 40's to the 30's, and now the 20's. What is to prevent the next stage of this decline? A geometrically declining revenue growth rate? Impending Lawsuits? Competition with better products?

This pathetic punching bag of a stock is the perfect example of an investment disaster and a management that will sacrifice its shareholders in order to sell off large amounts of insider shares. The total disrespect that IOM suffers from Wall Street is well earned and should serve as a warning to any people who think that they have all of a sudden stumbled upon an unknown story stock. The story product Zip is over 2 years old, and now very out of date.

Oh, Good Luck with your IOM investment.
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