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Technology Stocks : America On-Line: will it survive ...?
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To: Investor-ex! who wrote (6221)12/6/1997 12:28:00 AM
From: S. maltophilia   of 13594
 
<<either AOL makes sense as a business or it
doesn't.>>
It probably does make sense as a business--a nice little $500 million net worth business (eventually),pumping out profits of, maybe up to $100-200 million annually (so say the analysts!) in good years. There'll be plenty of competition keeping the profits below monopolistic levels, but unless they do something extremely stupid, they will continue to exist.

In other words, just another company whose stock ought to be worth $1-2 billion. If you buy a ~1/100,000,000 stake in this outfit and pay ~$80, I think you are paying too much.
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