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Non-Tech : Rocky's Personal Iomega Thread
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To: Herb Fuller who wrote (117)3/20/1998 12:36:00 PM
From: Rocky Reid  Read Replies (1) of 166
 
QGLY last year headed down into $8-$10 territory as the Summer progressed. It is a very seasonal stock. However, it rose to $23 this last Fall. Sales were weaker this year than expected because of the mild Winter up here in NYC area (no snow!). However, as demonstrated yesterday, good news can pop up the stock price very quickly. However, as Summer rolls around, the price could dip down to where I re-bought most of my position last year. (I bought from $8 to $14). This coming year, I now have a better idea of how the stock reacts during the Fall season. I plan to reap the rewards of patience then.

QGLY is only just now going overseas. China is the first country outside of North America for distribution. Europe can't be too far behind.

QGLY current PE = 8. You want a high growth company with a low PE? YOU GOT IT.
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