>I recognize EMC is not a volatile stock and normally I would not ask this question, about EMC or any other stock, because my investment style is buy and hold--I am *not* a trader. The shares of EMC I buy, however, are for my IRA rather than regular account. This means I am restricted to cash-on-hand. For the cash I have available, I want to maximize the number of shares I can get of EMC.
lynn.
welcome aboard.
quite frankly, i'd feel like a fool if i was to throw out a stock-price entry point for you. given you're staunchly buy-and-hold, realize the value of a long investment horizon, and are seeking shares for your IRA, here are a few very good (and recently published) reasons that i'd get into EMC at (almost) any price ...
all my best for an auspicious '99,
-chris.
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InformationWeek
'Year Of The Net' In Review
21 December 1998
"Storage was a big theme in 1998 as backup issues, the year 2000 problem, and growth of the enterprise resulted in a booming demand for storage hardware and software. EMC led the parade, up 198%. Right behind were leading storage vendors Legato and Network Appliance, up 142% and 102%."
techweb.com
MS Investor
Price be damned! Some stocks you've just gotta own
by Jim Jubak
18 December 1998
"I can think of a handful of stocks where ignoring traditional valuation was the smart long-term move. The investor who bought America Online (AOL) in 1994, for example, when it traded at a P/E ratio of 200, would right now be sitting on a 3,646% gain. Purchasing Microsoft (MSFT), Cisco Systems (CSCO), Dell Computer (DELL), and EMC Corp. (EMC) virtually any time during the last ten years without paying any attention to price would have been just about as rewarding. For instance, if you'd bought Dell on Nov. 3, 1995 -- the high price for the stock in the first seven and a half years after its initial public offering -- the investment would have returned 2,047% by now."
moneycentral.msn.com
Financial Times
MIKE RUETTGERS: Faith in tough targets
Victoria Griffith finds that the chief executive of EMC, one of the US's fastest growing companies, has an uncompromising approach
17 December 1998
"According to Kiplinger's Personal Finance Magazine in the US, EMC's share price rise this decade - with an astounding 21,085 per cent return on each dollar invested - has been second only to that of Dell Computer. Sales at the company stand at $4bn (£2.4bn) a year. Mr Ruettgers was named as one of the world's 25 best managers by BusinessWeek."
Message 6873795
Stock of the Day
EMC: The Greatest Company You Never Heard Of
9 December 1998
"First, here are some numbers to ponder. EMC has averaged over 50% annual growth in sales and earnings for the past five years. Sales, which stood at $127 million ten years ago, are approaching $4 billion this year. The stock is up over 900% in the past two years and a staggering 33,600% this decade. If you put a mere $3,000 in this stock to start the nineties, that investment would be worth over a million dollars now.
"EMC is the 600-pound gorilla of enterprise storage systems. EMC leads this market estimated at $11 billion last year and projected by industry experts to hit $35 billion by 2001. These storage systems used by big businesses and institutions are much more than just giant disk drives. EMC's Symmetrix allows a company to centralized storage for all its disparate computing systems--mainframes, UNIX and Windows NT networked computers. Demand for this cross-platform functionality is driven by the proliferation of networked computing and increasing need to share and manage data across enterprises, not to mention across the Internet."
fnews.yahoo.com
SmartMoney
Is It Only the Beginning for EMC?
By Tiernan Ray
4 December 1998
"EMC has become a computer systems company much as Cisco Systems (CSCO) is in routers and switches.
"What will happen to EMC in 1999 as it tries to grow the SAN while companies worry about the Y2K bug? Given that Y2K is all about data on mainframes, EMC will be square in the middle of things all year. It could be that the cost of fixing the software problems will depress money spent on EMC's wares. It's more likely, though, that as we approach the millennium, many IT managers will realize there's no way to fix this stuff but to buy all new machines and just move the data out of the mainframe. EMC will be called in to bail out frustrated companies. In fact, '99 could be an interesting year in which the new client-server data centers of the future, and the SAN, meet their trial by fire."
smartmoney.com |
