Hi thread: FAVORABLE MONEY MANGAZINE RECONMENDATION ON AOL.
I just received my June Money magazine. For those who are unaware, Money has a rather conservative and at times dim bias against net stocks. In this article, by Pablo Galarza, Money reconmends that investors take half of the gains off the table of most internet stocks that they reconmended last year (just because they have gone up so much since; for example AOL=666%, Yhoo=572%, Xcit=441%).
More importantly, and relevant to us, AOL longs, Money magazine states this:
"If you want to pare back to just one stock, we suggest AOL. It's got 17 million subscribers, $2.7 billion of cash on its books, a diversified business (thanks to several recent acquisitions and partnerships) and widening profit margins. And trading at 39 times projected 1999 revenue of $4.2 billion, AOL is looking like a bargain, at least in internet terms."
By Pablo Galarza, Money Magazine, June 1999.
This is a great endorsement, IMHO, by a very conservative financial magazine. Like I stated before gang, ride out this market jitters, and soon enough, we will be back on track. IMHO, dont' sell it, unless you have a margin call coming.
Regards to all,
Tar |
