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 (5745)	11/11/1997 10:50:00 AM
From: J.S.	of 13594

Steve, I was one skeptical bearish friend that pointed out the online usage disparity even before it was cited by CSRV. I want to know the truth wherever that takes us. AOL is not the worst company in the world. We just can't justify it at this price. Sure, it could be worth this price someday. However, an investor should be rewarded and not just keep the value of her investment if AOL lives up to bullish expectation (remember the low book value, high multiples, and negative working capital). Your bearish friend, Joe

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