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: robert duke who wrote (11407)	10/9/1998 5:09:00 PM
From: Steve Robinett	Read Replies (3) of 13594

Robert: <<I can't wait until the next earnings come out to lower that pe >> As far as I can tell, AOL's earnings only matter to the extent that they reassure people that AOL is somehow "on track." The stock is certainly not priced based on the company's earnings but more on people's perception of its future position in the Internet universe. As long as earnings seem okay, people who trade this stock go back to building castles in the sky. If it were priced on earnings, it would be selling for at least half its current price. Best, --Steve

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