Wall Street Manna

An irreverent look at Wall Street

Sunday, November 29, 2009

AOL--Finally a buy

AOL when issued is trading at $23, and Barron's had a piece on it that made sense. AOL bought back it's stake from GOOG for $283 million--which equates to $53 a share.

Current market cap is $2.4 billion, with cash flow of almost $1 billion. On December 9, the shares trade regular way.AOL still has properties that would be interesting to anothe rparty--Mapquest, ICQ, Bebo and it's dial-up business.

The stock is a buy.


At November 29, 2009 at 9:58 PM , Anonymous Anonymous said...

Read the same yesterday and was about to ak you about AOL.

What does reg way mean? How do they generate so much cash? And how much of the price they paid to google should we consider? Thanks

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