This makes me feel sad. I took a junior college course about the internet (and how to use a browser, believe it or not) 15 years or so ago... and AOL was ALREADY soaring.
It was quite a while after that that I finally bought some. I did quite well with it, too, but only because I didn't know the difference between a "Stop Loss" order and "Stop Limit" order and got shaken out of AOL at a big profit but at what I thought was a horrible price.
A few months later, AOL fell for real and I realized how lucky I'd been. (Not to mention what a great trading lesson it taught me.)
So, I have some good memories about AOL. Never the less, I have no idea why anyone is invested in it. Is it still a dial-up service? Or did it finally start providing broadband?
In any event, there are tons of competitors, and lots of internet sites that DEPEND on people having some significant bandwidth. As far as I'm concerned, AOL doesn't do anything that AT&T, Cox, Comcast, Verizon, and about twenty other companies don't do as well - and probably for less money. Not a smart investment . . . anymore.
AOL Needs ‘Immediate Action,’ Investor Says
By Edmund Lee - Dec 21, 2011 12:50 PM ET
AOL Inc. (AOL), losing as much as $500 million annually in its display advertising business, must take “immediate action” to stem shareholders’ losses, activist investor Starboard Value LP said.
Starboard, which said it holds a 4.5 percent stake, sent AOL a letter dated today that outlines its poor performance, estimating the Internet company sees “staggering” operating losses in display ads.
AOL Chief Executive Officer Tim Armstrong has been struggling to revive sales after the separation from Time Warner Inc. in December 2009, as AOL competed for ad dollars with Google Inc. and Facebook Inc. Revenue has dropped in four successive quarters, and AOL has lost $792.2 million since the spinoff.
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More: http://www.bloomberg.com/news/2011-12-21/aol-should-take-immediate-action-to-stem-losses-investor-says.html
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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