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 (4624)	8/29/1997 10:56:00 AM
From: Brent D. Beal	of 13594

This response is exactly what I'm talking about--this stock has a P/E of a gazillion and all bulls can talk about is how many subscribers AOL has. A hint: the object of business, at least generally, is to make money! AOL has demonstrated a consistent ability to do several things, including cooking their books, but one thing they haven't been able to do is make money, translation, they don't deserve a P/E of a gazillion. Take a look at the money Gates has and will continue to poor into MSN (which for the moment doesn't need to make any money) and other forms of competition (see other posts), and the recent problems AOL has been having, and I think it is extremely unlikely that AOL will make any money this year and probably won't make more than $.50 next year. My opinion isn't based on the daily trading pattern, it's based on the assumption that sooner or later people are going to start asking themselves why they're paying $65 for this stock and then it's going to be a mad dash to exits. This stock isn't worth $40, never mind $65. Let's all take a break from pie-in-sky fantasies and come back reality.

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