America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: robert duke who wrote (15809)	5/8/1999 12:50:00 AM
From: billkirn	Read Replies (4) of 41369

Shorting a stock that has a PE of 239, that has a market cap greater than almost all other large companies including Ford GM AHP on and on and looks like its market growth is about to disappear or seriously contract, is a pretty good bet. If its PE starts to reflect is business prospects it might reach 30 or below, so what price do you think the stock will reach. My guess, it will reach about $30 to $40 within the next 6 to 8 months. Before AT&T and Microsoft and the cable industry decided to become un-fragmented, AOL seemed to be unstoppable, but now these big companies have reached agreement on how to take over the home market for high speed internet access. AOL will surely loose this market and consequently its future growth prospects which has driven its price. Please tell me how anyone can give it a PE higher than 15 and a price higher than $40 over the next 5 years. Bill

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