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AOL Time Warner Swings Low, Sweetly

Forget about AOL; this company would be cheap at this price it if were just Time Warner.
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Wednesday, April 10, 2002 2:12 p.m. ET

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Dear Action Alerts PLUS Subscriber,

Giant seller of AOL Time Warner (AOL) out there as everyone wants out of this stock. I continue to believe that it is cheap and is now at the intrinsic value for Time Warner. In other words, forget about AOL; this company is cheap it if were just Time Warner.

I can't buy any today. I just talked about it on television. But, like Verizon (VZ) , which I can buy tomorrow, I would take some down here. It is just too low and too abandoned. Got to buy them when you can, not when you have to.

Regards,

James J. Cramer

DISCLOSURE: At the time of publication, Cramer was long AOL Time Warner and Verizon.

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