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

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To: James Strauss who wrote (57808)11/3/1998 7:28:00 PM
From: Brendan2012  Read Replies (3) of 58324
 
Before we get carried away with such high stock prices as 13, maybe we should think about the fundamentals of IOM. IOM is losing money. IOM's revenue is decreasing. It looks like IOM, at best, could make 30 or 35 cents a share next year. IOM is already trading at a P/E over 20 for next year's earnings. Sure, IOM might turn things around and become reasonably profitable again (like 97), but isn't it a little early to be predicting a spectacular turnaround? IOM looks pretty fairly priced right now, I'd say.

Brendan
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