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Non-Tech : Iomega Thread without Iomega
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To: Mel Boreham who wrote (5383)12/30/1998 4:52:00 PM
From: D.J.Smyth  Read Replies (2) of 10072
 
ot. to illustrate the lopsided valuation models of this market; INCLUDING IOM's model, here's a company which reports next week - LAIX, they're into recruiting top level employees and have other operations as well. The company is trading at $6, yet they have over $6 in cash stashed, no debt, with nearly 100% revenue growth during the past twelve months. The company reported that they're going to breakeven this qtr due to their newly established London office coming on slower than originally planned. However, the London office was "coming on slower" because the financial services sector fell apart mid-summer. But, my God, the sector has been coming back toward the end of this year; and the euro change is supposedly going to rachet up interest in Europe's stocks next year which should create more financial service jobs there - the financial services area being one of LAIX's specialties.

Now, tell me, you'd think the market would give this puppy at least $1 for it's business in addition to its cash wouldn't you? I was told to buy some at $6 and $7 (just doing what I was told to do - just to spite the woofers?). What does one do with small caps? Push the envelope for 1/2 points? Give me a break.

I mean this scenario goes on and on with the small caps. Little research (or Johnny Come Lately research) is being conducted on companies relative to their balance sheet and potential. IOM especially included.

Some year-end spouting.
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