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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: LindyBill who wrote (14897)1/11/2000 9:08:00 AM
From: JDN  Read Replies (1) of 54805
 
Dear LindyBill: I dont agree with your statement. True on the surface the deal APPEARS to change the underlying economics of AOL in that growth may slow meaning lower PE MULTIPLE assigned HOWEVER now they are a REAL company with REAL assets and much financial power not to mention a much higher base revenue and earnings. I am not buying AOL at this time as I think the Arbitrage spread between TWX and AOL is too large and AOL surely must come down between now and the merger date however, if and when it retracts to a level closer to 60 I plan to buy my FIRST internet stock and it will be AOL. JDN
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