Chris, Frank, Bill, etc.., etc....,
You guys just don't get it, do you? I've been listening to these
ranting and ravings about the stock price being too high from when
the stock was 5. I bought heavily at 5, bought more as the ravings
continued, cashed out to buy a large house and car, now I'm back in
working on my retirement.
Listen: This is the FASTEST growing company in America right now.
(among the ones big enough to matter). This is what investing
is about. Getting in on companies early in their growth phases..
P/E, price/sales don't matter for a company growing this fast.
The above measures are useful for analyzing McDonalds, Pepsico,
Merck, etc...
If you want to talk price/sales, lets do it:
Yahoo ~60 to 1
Zoltec ~25 to 1
Cisco ~20 to 1
Netscape ~25 to 1
Iomega ~3.5 to 1
Intel ~3 to 1
Not too shabby. Iomega could be at 7x todays price and still be
as cheap (or cheaper) than Yahoo, Zoltec, Cisco, etc..
For those who said 'fair' value of Iomega is 1x sales must not have
made much money in growth stocks.
To us 'zealots': Hang in there! It's been a fun ride and there is more
to come. Just be patient.. |
