AMERica on-Line, Another over valued company? Message Board

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Technology Stocks : AMERica on-Line, Another over valued company?

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To: James Baber who wrote (170)	7/16/1996 9:37:00 PM
From: Richard Query	of 222

James there are a number of reasons AMER got to the High PE it had & still has. 1) was the only real player for some time 2) long bull market with PE's in general higher than they should be 3) give 5 mil subscribers a place to talk about stocks ( wouldn't be suprised to find out AMER had folks posting hype there) 4) Mottley fool (on AMER) came up with a way to justify high PE's called PEG which seemed to change whenever it didn't hold up anymore. was earnings times growth rate then started seeing est earnings time growth rate. Now that reality has set in things are coming back down to earth. Todays rebound was due to the overall market rebound. I don't know about it reaching the teens but $26.00 is very likely.

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