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: yard_man who wrote (2390)	3/13/1997 4:52:00 PM
From: Joel Sternberg	of 13594

>>>it will probably end up being something really minor such as an analystdowngrading earnings estimates by a cent that ends up tipping the apple cart.<< This isn't something minor in today's crazy market. Don't worry though the cycle will end and value will be king again.< Hey, it wasn't long ago that AOL was approaching something that could be close to fair value. Since that time what have we had? Fund managers quacking in Barron's (twice), the unlimited usage plan, the "new" accounting, the Pittman hire, and the Tartikoff role. Am I missing something as substantively positive? Ok, maybe Barnes and Noble and Tel-Save. Could these events account for a doubling of the stock price? Not, I think, in a credible market. Yet, so many people want to bash Greenspan. Go figure. Hey, you think AOL may be interested in Ovitz?

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