America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: steve lipson who wrote (3936)	7/11/1997 9:47:00 AM
From: Thomas C. Donald	of 13594

Steve: Thanks for your advice about life insurance. My arguments must have touched a sensitive spot with the people you represent. You have suggested some rationale for AOL possibly being able to avoid the problem I pointed out. I am not personally persuaded, but time will tell us who is right. The stock is, however, already selling at 80 times its predicted 1998 earnings. What is your rationale for upside potential? Based on a reasonable fundamental analysis, AOL's stock should be trading in the $10 to $15 range. Why should anyone pay $68 for it?

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