Robert..."MARKET GIVING -RARE OPPORTUNITY- TO GET IN" so says
an article from Street.com yesterday...Sorry if it's been posted already...I've been at work 16 hours a day for the last 2 days and haven't kept up on the posts here.
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<<America Online (AOL:NYSE). "In the current pullback, this market's giving you a rare chance to get in. The company PC users love to hate and investors love to love, and an absolutely essential core holding for the Internet Economy. (A core holding with a P/E of
463? Yes.) Until recently, AOL was seen as the lucky beneficiary of being in the right time and place. Now it's becoming a real company, and making its own luck. AOL's deal, just announced, with PlanetRx.com, the first serious online drugstore, is a good
example: AOL pockets a $15 million fee, delivers 15 million potential customers, and has lots more coming up with this new vendor of prescription drugs, vitamins, and health and beauty aids. (I also expect big things this year from drugstore.com, the start-up backed by Kleiner Perkins that opens in the spring. The online-drugstores market is going to be huge, vicious and incredibly profitable. Many of us like going to the drugstore with our 'scrips even less than we like going to bookstores, CD stores and computer stores. PlanetRx smells like a survivor, and the AOL partnership is part of that scent of success." >>
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Regards, George |
