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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Bearded One who wrote (7827)12/4/1997 7:21:00 PM
From: ItsAllCyclical  Read Replies (1) of 9285
 
Bearded One, I forgot AOL. I don't know enough about the situation. I'm sure it's overvalued, but I don't like shorting companies with Price-to-sales ratios at 4.5 when most of my other shorts have P/S ratios of 10+.

I think a much better case can be made for AOL's valuation than Yahoo's. It's much tougher to come in and steal AOL's business than it is to create a better search engine or directory.

Jim
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