
- May 15 2003
- Volume 10
- Issue 9
CASE NO ACE
If you bought AOL stock 5 yearsago, you're about even on yourinvestment, but it's been a wild ride.AOL stock spent much of the 1990sin single digits, then took off withthe Internet stocks in 1999, reachinga high of $95 a share late thatyear. AOL fended off the Internetbears and, after merging with TimeWarner, was still selling at close to$60 in mid-2001. Steve Case, formerhead of AOL, took over asCEO of the merged company, andit's been pretty much downhill eversince. By the time Case was shownthe door in January 2003, the stockhad fallen to $14 (it now trades atabout $11). During his tenure,AOL Time Warner amassed $25billion in debt and lost $200 billionin market capitalization. The companyis also under investigation foraccounting "irregularities."
Articles in this issue
about 18 years ago
Postwar Economy Refocuses Attentionabout 18 years ago
Model Portfolio Series: Conservative Growthabout 18 years ago
How Does Your Financial IQ Measure Up?about 18 years ago
History Provides Lessons in Investingabout 18 years ago
Read the Market's Long-Term Performanceabout 18 years ago
Less Is More When Buying Stock Spinoffsabout 18 years ago
Weigh the Aspects of Variable Annuitiesabout 18 years ago
Maximize Your Sale of Stocks at a Lossabout 18 years ago
Realize the Importance of Market Timingabout 18 years ago
Speed Through Annual Reports Like a ProRelated to this article








