Nobody really believes that the consensus is what the company is being measured by at this point. It's some other number.
More Quotes from Scott Kessler:
They seized upon an opportunity and they succeeded at pricing a pretty sizeable offering. That's a price that doesn't seem far from what would be considered reasonable.Scott Kessler
MSN was the one that may have been a logical acquiring company but they are clearly building as opposed to buying,
Scott Kessler
There's not as much unbridled excitement about the offering now. A lot of technology and Internet stocks don't look nearly as appealing as they did in April, May or June.
Scott Kessler
It doesn't make a lot of sense. When people think of eBay, they think of auctions and commerce. They don't think of communications.
Scott Kessler
A lot of these companies look at AOL as an entity that has huge traffic, a substantial number of users, a fair amount of subscribers and access to unique and differentiated content and services, ... Right now, it is very prized real estate when it comes to the Internet, particularly because its valuation may be depressed since it is in the midst of an ongoing turnaround, and part of a large conglomerate.
Scott Kessler
This is one of those stocks where it appears pretty obvious that people will buy it based on the company's fundamentals and are not going to pay a heck of a lot of attention to valuation,
Scott Kessler
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