Zead: If you want to really find an idiot who borders on the Rocky Reid "dimension", take a 1996 look at the head of Rocker Partners (Mr. David Rocker, himself) In this post, Mr. rocker calls AOL the most overpriced stock on the market--at a split adjusted 3:
David Rocker, head of Rocker Partners, a well-known New York hedge fund, considers America Online (which sank 8.4%,or $3.25, to close at $35.25 yesterday) the most overvalued stock in the market. He says that America Online is making the same mistake made by Apple Computer 'seeking to maintain a proprietary architecture,' while rivals have 'embraced the open standards of the Internet.'"
"Moreover, Mr. Rocker says, America Online's 'cancellations are running 1.4 million per quarter, net new sign-ups are way down from last year's level, and the company reported $14 million in net income for the last nine months only because [it] capitalized $200 million in marketing costs. The president, brought in with great fanfare, left after only four months.'"
207.95.154.130
Hey you low grade moron, AOL has gone up 30 fold since you called it the most overvalued stock in the market. Nice call. |
