AOL is a complete disaster and now with the Ceo probably coming into his office, they are shuffling the new board of counsel and executives. Come on AOL, we do not hear any out of the box " thinkers you have on staff.
Get Out Of AOL Shares While You Can We Believe
(1888PressRelease) May 14, 2010 - This is not a reunion of who we can hire for AOL shareholders, its about getting the goal is getting your search engine used by the vass public we see. With last declines of 59%+ of revenue , we could see another 50%+ drop in revenue and more important their traffic, AOL may not disclose.
Tim Armstrong I believe has zero clue where the company is going, after our firms have been monitoring his progress and declines to his shareholders.
1) Closing Bebo.com he paid $850 Million Dollars for was the worse immediate loss in the history of all search engines and since we believe the company is valued really in todays market at $15 a share, we see it going to under $10 in next 9 months after huge losses.
2) AOL changed their front page we were told, now why would AOL change their front page, because its summer?
3) This is a $65Billion dollar market cap stock company AOL and we see their value of advertising.com and AOL at $5-10 Billion tops.
4) Tim Armstrong was a former Google Execcutive , so we beleive he cannot do what Google does, so he is throwing darts at a board.
We sell AOL sinking back when it did years ago around $6 in next 12-16 months. We shorted another 1,000 shares today at $24.10 to make our short interest 2,500 shares.
AOL could maybe loose another 60+% of revenue as they did last reporting, come next quarter, then its time to jump ship and not look back for bulls on AOL, excuse me, i just coughed from saying " bull and AOL" in same sentence. Tim Armstrong needs to spend every dime on picking websites to buy out there.