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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (3384)1/26/1999 9:20:00 AM
From: Cosmo Daisey  Read Replies (3) | Respond to of 41369
 
RM,
CNBC guest states the internet funds are gaining several hundred percent but he wouldn't be a buyer. Duh, maybe thats why his fund was up 9 percent last year.
cdaisey@wake-up-call.com



To: RocketMan who wrote (3384)1/26/1999 10:52:00 AM
From: Steve Robinett  Read Replies (1) | Respond to of 41369
 
Rocketman,
You're own quote makes my point exactly.
Reread it: Message 7484970

ML's Cohen finds doing a discounted cash flow analysis so unreliable that Cohen uses a multiple of revenues instead, a much less reliable way to value a company. All I'm saying is that traditional valuation is currently difficult with AOL, impossible with some of the other DotComs. This should be obvious.
Best,
--Steve