AOL stock sheds $315M — same as HuffPo price – NYPOST.com
Arianna Huffington and Ken Lerer, co-founders of the Huffington Post, are said to be walking away with a combined $80 million to $100 million from an original $2 million per person investment — but so far AOL stockholders aren’t seeing that kind of return.
Since Feb. 1, the price of AOL shares has dropped from $23.85 to $20.89 at yesterday’s close.
With 106.7 million shares outstanding, that means AOL has shed $315 million in value over the last five trading days — which happens to be exactly the same price AOL agreed to pay to acquire HuffPo.
Let’s see, AOL is in the process of buying HP for $315 million, as soon as the word gets out AOL stock loses 315 million in value in over 5 trading days.
I’m not a rocket scientist however I can add quite easily.
Let’s see 315+315=630
So AOL’s purchase of HP has cost the company 630 million dollars so far.
I can’t help but laugh!
It seems that everything these Democrats touch turns to sh*t…
INCLUDING THE COUNTRY!!!
Let this be a lesson to you.