And i thought Google was sensible enough to venture into the right areas. But, who could have had ever thought that Google has stake in AOL.
“The Mountain View-based company disclosed in a quarterly report filed late Thursday with the Securities and Exchange Commission that the 5 percent AOL stake that it bought in 2005 “may be impaired.”
AOL Time Warner is today trading at around $ 15. Compared to a $18.59 at the start of FY2005. That means a CAGR of around -9%.
Now you know in which direction is the red line going….
see the connection here
ps: chart is courtesy … who else…. google/finance 😉