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Technology Stocks : America On-Line: will it survive ...?
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To: Harry Larson who wrote (4523)8/19/1997 12:47:00 PM
From: Andre Lukas   of 13594
 
Good find Harry:

Let us see: Faison bought it for $ 124/sq ft, and will rent it for $ 25/sg ft. Price/rent is only 5 in a desirable area, and building is only 14 years old. Seems they got a steal.

Now from AOL standpoint. It should be reported on June 30 quarter since the deal closed on June 13. My suspicion is that AOL lost money (the excuse: probably depressed commercial real estate). Let us assume otherwise, and AOL gained ALMOST $ 1MM, that would add one time gainof $ .01 which would made their announcment to $ .10 . If that WERE the case (no pun intended), AOL would have annonuce it so loud that even people at the bottom of the inferno would hear it.

Next quarter, I predict that the June Q would be restated for the shifting of the loss. But then we would be on Sept Q, and that moving the loss or profit will eventually discourage some investors.

Question: Why would analysts not see your excellent discovery? Thanks for that research.
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