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


To: Philip J. Davis who wrote (54101)5/3/1998 7:30:00 PM
From: Rocky Reid  Read Replies (2) | Respond to of 58324
 
So, in other words, your idea of "reading comprehension" is to take one line from a post, and quote it out of context. I see.

Iomega investors it seems will try anything to justify a losing position. The way they look at Iomega, complete with little glowing stars and fairies floating around the logo, makes them an easy target for manipulation by elements of The Street. This is why they now sit on a stock that has lost 50% of its value in 6 months. And, is 72% down from its all-time high. With a present PE of 30, and a forward EPS that shows a 95% earnings reduction year to year, this stock makes for easy pickings with mentalities like the above.