$$$$$ AMERICA ONLINE HITS 15 MILLION CUSTOMERS
AMERICA ONLINE (AOL) which had one million subscribers in 1994, had 15
million this Christmas. About one million have joined since November
12, when it hit the 14 million mark. (This is 23,000 a day. With
68,000 a day logging on worldwide, this is 1/3 of all new subscribers.
Pretty powerful.) Christmas day brought in more new customers than
ever before in the company's history. Subscriber growth was big due
to a major increase in PC sales over the holiday season and the
publicity surrounding the movie, “You've Got Mail,” which according to
one analyst is ''a billboard for AOL.”
COMMENT: AOL will be added to the S&P 500 Monday, so a surge of
buying from the Index funds that must own all 500 companies caused the
stock to fly on Thursday again.
Remember when AOL crossed 1 million? August, 1994. So, let's see: A
growth factor of 15 times in four years and the addition of
advertising and 68,000 new people a day logging on to the Internet.
Gorilla? You betcha.
But, is the PE too high? Good question. (We don't have all the
answers here at The Bull Market Report. But we hopefully will make
you THINK before you jump onto your E-Trade account Monday morning to
buy shares!!)
bull-market.com.
It's free for those that are interested. |
