SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Hunter Vann who wrote (52339)4/13/1998 11:01:00 AM
From: Rocky Reid  Respond to of 58324
 
>>And, I would really love to hear Rocky, Rod, & Jock's prediction on earnings numbers... <<

I can't speak for the other 2 mentioned, but my WAG is to split the difference of the pre-announced losses and come in at a loss of (-$16 Million) meaning a (-.06›)/share earnings. This number will give IOM a PE of 17.8 at $4.80/share after the new earnings are factored in.

What is interesting is that even if IOM breaks even, the PE will be 14.6, which is awfully close to my prediction of 15.



To: Hunter Vann who wrote (52339)4/13/1998 11:22:00 AM
From: Francis Muir  Read Replies (2) | Respond to of 58324
 
The "official" figure is -0.06 and the "whisper" seems to be -0.03. I take it to mean that the street will punish IOM if it comes in at -0.06, which I take to be the likelier of the two numbers.

FM



To: Hunter Vann who wrote (52339)4/13/1998 12:13:00 PM
From: Rocky Reid  Respond to of 58324
 
With the continuing weak daily volume, it's safe to say that Institutions are not exactly loading up on IOM prior to Earnings.

I would be lying if I said I were not disappointed that IOM has not sunk into the $5's by now. I guess it's going to take the reality of a loss be reported, and for Yahoo quotes to display the brand new PE for people to "get it." Then it will adjust downward.