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Technology Stocks : HOMS Homestore.com

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To: Mykldee who started this subject6/2/2001 12:32:15 PM
From: John Lacelle  Read Replies (1) of 505
 
When is AOL Going to Break HOMS Thumbs???

Ya know, in all my years of investing, I have yet to see a strange
company like Homestore. Yea yea, I know all about their "heavy
traffic" and all that. I remember when Wall Street used to value
a dotcom based on the amount of traffic a web site got, even if they
lost money on every hit. But you really have to wonder about the
effect that AOL is going to have on this company when they ask
for their money back. Homestore has an agreement that if the stock
does not get back to the 70s by the third quarter, they will make up
the difference in cash. Woa, thats got to be a lot of cash at this
point. Perhaps even more than they will have on hand by October...

-John
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