Today the WSJ ran a story discussing AOL's sinking ISP business, all while adding a positive twist to this largely useless company using the commentary of Ross Sandler of RBC capital Markets.
Sandler suggests that AOL is not likely to compensate for rapidly declining ISP subscribers, and will eventually have to abandon its strategy of investing in content and opt to sell off the company piece by piece. I agree with him on that.
But then Sandler states that these assets combined could fetch $30 per share.
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