Any info about Iomega (IOM)? Message Board

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Non-Tech : Any info about Iomega (IOM)?

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To: Rocky Reid who wrote (52160)	4/9/1998 1:16:00 AM
From: Andrew Shih	Read Replies (2) of 58324

>>Estimates for IOM earnings this year range from a 40% decline to a more than 60% decline from last year. There is little hope that a company declining this fast will be awarded a PE of greater than 20. IOM longs have a long, hard road ahead of them. And it could get much worse if IOM warns of more losses at the CC.<< Unless IOM warns of continued problems, I'd be very surprised with a stock price below $6. The problem here is your narrow view of valuation. Their are other factors to consider. P/E is fine, but P/S, etc. are also important. Heck, if you based everything off of P/E alone, how would you justify the valuations of the Internet companies? Even if Yahoo could double its earnings every quarter for the next year, that would only amount to $1.20 in earnings for the next twelve months. That's still a P/E around 80. -Andrew

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