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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Cogito who wrote (50444)3/17/1998 2:50:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
The good thing about IOM's imminent fall to under $5 during Earnings, is that a lot of firms won't let you short under $5. So, a short pounce could be limited.

The more I think about it, the more I'm convinced I'm right about IOM's fall to less than $5 from here. Anyone-- please present some realistic math factoring in a loss of $10-$25 Million proving I'm wrong.

If you want to short IOM, do it now, cause pretty soon, you may not be allowed to.



To: Cogito who wrote (50444)3/17/1998 7:00:00 PM
From: Rocky Reid  Read Replies (1) | Respond to of 58324
 
>>Figuring on earnings of -.01 is not conservative. It seems very optimistic to me. The way I figure it, a 10 to 25 million dollar loss gives you a range from around -.04 to -.10.<<

You're right. Plugging in a $10 Million loss (-.04›), with a P/E of 15 gives an IOM stock price of $3.90. Plugging in a $25 million dollar loss (-.09›) yields $3.15.

Again, all should feel free to do the math themselves.

Folks, this baby's going much lower. Count on it.


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