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

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To: epicure who wrote (1942)2/26/1997 8:39:00 PM
From: Chuck Williamson   of 13594
 
I wonder if anyone out there has been in the market long enough to remember Baldwin United. It amazes me (but doesn't surprise me) that a company can have this large of a market cap without ever having demonstratied the ability to make a profit. But then again I'm a CPA and am concerned with things like balance sheets nad income rather than revenues.

If GM sold its cars for $2,000 each they would corner the market, but soon go broke. It reminds me of the 70's when people were lining up to invest in oil deals that were almost garanteed to never make a profit.
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