AOL, which reported decent enough earnings this morning, is now down 24% on the day.
What’s going on?
One theory we just heard:
“Basically there just aren’t a lot of buyside investors interested in the stock. People look at the big picture items and don’t understand the issues in the turnaround. So, 1) in a market with zero risk tolerance and 2) when a company with zero confidence in it takes down full year EBITDA guidance the stock gets crushed.”
The ugly chart: