America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: mike smith who wrote (6099)	11/26/1997 6:36:00 PM
From: yard_man	Read Replies (2) of 13594

The problem is the future just can't be that bright for AOL. If it moves up another 10 pts or so and exhibits the same pattern again I'll speculate again. AOL has little that's really proprietary and a lot of debt. Look at the book value. The stock price is discounting success on the order of a Microsoft or Intel quite a few years back. It ain't gonna materialize. Only question is when is this going to be reflected completely in the stock's price? I just don't know. All I know is I'd rather look for opptys to speculate on the downside! Are you long?

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