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: Brian K Crawford who wrote (5735)	11/10/1997 7:49:00 PM
From: Eric Klein	Read Replies (1) of 13594

My experience with these analysts is that they promote the stock when it's at it's height. Look out, though, when it falls significantly. "Isn't it logical to assume..." If the future was amenable to logic, everyone would be a fortune teller. The crux of the matter is that AOL sells for a huge p/e and price to sales. It is incredibly expensive by any measure. I'm sure that there are some possible future scenarios in which AOL is a good buy at these prices. But it would take one of the best scenarios coming true to justify it's current price, let alone a higher price.

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