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Non-Tech : Iomega Thread without Iomega -- Ignore unavailable to you. Want to Upgrade?

To: Sonny who wrote (7224)	2/11/1999 12:34:00 AM
From: Ron Dior	Respond to of 10072

I agree that this is an excellent entry point also. Many people seem to think that the statements made by IOM recently were major blunders. Though I do feel that they did not help the stock price, I do not agree that they were poorly stated either. Conservative is a good way to describe what was said. Estimates have been lowered and the company is not losing money. This is the beginning of a turn around. Companies do not turn around over night. First they stabilize and then they slowly build up steady profit margins. Last earnings report showed the stock to be fairly valued @ $10 per and nothing has fundamentally changed since then. Had IOM come out saying that earnings would be going back to past history, and that nothing new was in the works, then I would be worried. Just the opposite is true. Major changes in leadership. Changes in inventory and profit margins. New products in the pipeline. Company finally earning money not losing. This is what makes this stock a good long term play! IMO, IOM will start an upward trend when the market starts to show some direction again. We have very strong support at 6 1/2 as was seen today when we shot up as soon as the stock dipped below this point. News, upgrades, positive comments, or any of the above will take us back to $10 in a hurry. The odds are in our favor... Ron Dior