Zead,
This company has me so confused. They have been in a quiet period
since KE blew the conference call. It's kind of like Russia, when
Yeltsin is ill, no news, no sightings, and everyone assumes he's dead.
This is what wall street must be thinking of Iomega right now. " Hmmm,
conference call was pathetic, missed earnings, pessimistic outlook,
and hardly a peep since. Pretty sick company, since there is no news
regarding it's recovery, the company must be dead." Hence we trickle
down to 8.
Now, why does KE run the company like this ? Pisses off investors,
pisses off analysts, and must be pissing off employees who are watching their employee stock plummet. All these people are potential consumers of Iomega products, so why piss them off. I don't know why, but I do know it's not the first time and probably won't be the last until IOM hires someone to help KE with these issues.
Anyway, it seems that if history repeats itself, IOM will beat the lowered estimates for the quarter and the stock will start back up.
Now is probably a good time to pick up some cheap shares.
Hoping the company isn't really dead,
Dave |
