You've got Mail!

I know, I know - they are the laughing stock of the tech industry.  Their outdated dial-up service is a joke, and they have missed the boat on nearly every new trend in the past decade.

All jokes aside, however, the company is still very profitable, and still owns some precious dot-com real estate.  Word on the street has been that they are an ideal buyout candidate.  One confirmed potential buyer is Yahoo - and the reason such a merger/buy-out would be beneficial is that as one unit, the companies would save $1.5 Billion a year alone in costs due to redundant tech needs.

Currently trading at under book value and being a takeover target in a market like this, I like AOL for a short-term holding, but I don't like it at current prices.  I'd look for a pullback to the low $14's as an entry point.