AOL’s Buy-Back Works! The Stock Is Up 13%

AOL CEO Tim Armstrong at NYSE

Through the first three days of this week, AOL’s stock dropped almost 40%.

We thought this made the company “outrageously cheap” – if only because AOL’s Internet access business is still throwing off so much cash.

This morning, AOL announced a $250 million stock buy-back in an effort to stop the bleeding.

It worked!

The stock is up almost 13% as of this story’s publication.