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: Brent D. Beal who wrote (4635)	9/2/1997 10:56:00 AM
From: steve lipson	of 13594

Brent: We seem to be having a small misunderstanding that I hope can be cleared up rather simply. I wrote to you on 8/26: >Indeed, my expectation is that if AOL can get to $1 per share >of earnings it will have the momentum to continue quickly on >on to $2, $3 or $4 per share, giving it plenty of upside from >this level at a very down-to-earth future P/E. I wrote to you on 8/29: >I think there are plenty of good reasons to at least weigh >the odds that the past record is misleading and that the company >is in a position to start earning meaningful profits, as well >as grow them at a rapid rate. You responded: >Ya, I guess you're right, earnings don't really matter. I know I am a hopelessly confused AOL bull, but doesn't that response seem a little off target?

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