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: prakash who wrote (7868)	2/14/1998 12:36:00 PM
From: Labrador	Read Replies (3) of 13594

Does it really matter if AOL will make 0.85 in 1998 and 1.50 in 1999. This stock keeps going up up up. But the time 1999 comes around, AOL may be at $400 (post split) with 2001 earnings projected at $3.45. This stock does NOT trade on fundamentals -- have you not noticed? If the stock traded on fundamentals, it would be under $50 a share (pre-split). Does this stock really deserve a P/E of over $100 when it has a projected P/E in 1999 of over 75 ? All of you are wasting your time studying earnings, etc. -- this stock trades on revenue growth -- regardless if they will ever make a dime. It does not make sense -- but AOL is cultish -- and people will pay whatever it takes to own this company.

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