>>Rocky, a pe of 15 would be my estimate.<<
Then we could be seeing it even lower than $4.85. This $4.85 w/PE 15 is assuming earnings come in at (-.01›). ( I took the conservative road). Any worse than that, however, and the stock could REALLY take a hit.
I tend to ignore the rants against me, claiming I am dead wrong, misinformed, etc. At least I have indeed been right about the stock price. The same cannot be said of many regular bulls. Bull crap-ola gems such as: "Earnings will be fantastic!" "Product is blowing off the shelves!!", Zip will replace the floppy!", I predict earnings of .12›!", "OEM's are desperate for Zips!", "Zip is Standard on most computers sold", "Vapor! will be HUGE!", "Iomega has grown 485%!! (implying that this will continue)", and many many others have, and continue to spew forth from the Iomaniac herd. This herd has been directed to the edge of a cliff in an old-style Buffalo hunt.
>> I wonder if KE sleeps at night.<<
Of course he does. The $$$Millions of IOM stock he's cashed in have certainly bought him that cool new bedset from Bed Bath & Beyond, a relaxing foot-massager, a trip for 2 to Aveda Spa (Carribean), and a supple new Lincoln Town Car (they are Oh-so chic, and crawling all over NYC). |
