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Non-Tech : Any info about Iomega (IOM)?
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To: Herb Fuller who wrote (53019)4/18/1998 10:05:00 PM
From: stock bull  Read Replies (2) of 58324
 
<<That being said , you did not explain how AOL can command a 500+ pe ratio because PE has nothing to do with the evaluation of a companies worth when the company is growing at the rate that Iomega and AOL are .>>

Herb, I think you can see a few ways why people buy a stock with a PE of 500. I'll try to list some that come to my mind:

1) Just don't know what they are doing.

2) Know what they are doing, but greed has taken over.

3) Trying to time the buying and selling of the stock....before the roof falls in.

If the stock was worth some multiple of it's future growth, then I guess it could trade at a PE of 600, or 1000, or 2000, etc. Just doesn't make sense. How far ahead of the growth curve do you think an investor should be?

Just my thoughts.

Stock Bull
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