AOL is coming back to the NYSE

America Online is now just AOL (NYSE:AOL) and the company is officially on its own again after the split from Time Warner (NYSE:TWX). Shares of AOL started trading on Tuesday at $27 and finished its first week down 14% to $23 even. The public will get its chance to trade AOL on Dec 10th and there may be cause to celebrate and independent AOL.

(WallStNation.com | Frank Lara Jr) Get those crappy AOL tins ready, maybe you can cash a few in for a few shares.  But seriously, you can track the performance of AOL on Google Finance under the ticker AOL* - click here to access.

AOL finished Friday at $23 a share, that gives the company a market cap of $2.4 billion. The analyst opinion on AOL puts shares above $30 per share:

Barclays last week asserted that AOL's fair value is 35 to 39 a share; RBC's sum-of-the-parts estimate suggests the stock is worth 27 a share; Bernstein splits the difference and puts AOL's value at 30. Hudson Square Research analyst Todd Rethemeier noted in a report that AOL this year bought back a 5% stake in it held by Google for $283 million-equal to 53.54 a share.

Eric Savitz from Barron's did a great write-up on AOL's past, present, and future this weekend -- click here to read. Savitz points out:

AOL's $2.4 billion market cap buys a little under $1 billion in projected 2010 cash flow; alternatively, $1.7 billion would buy both EarthLink and United Online, which together throw off half as much cash, and whose brands-Classmates, FTD, Juno, NetZero-pack a lot less punch than AOL, Mapquest, ICQ and Moviefone. AOL's dream of being a world-beating media monster is long gone. But the early trading in its stock suggests that the market's distaste for the AOL story has created a serious bargain.

Come Dec 10th, get ready for AOL to enter the big time as it will soon belong to the fate of Wall Street traders.

SOURCE: http://wallstnation.com/new-aol-trading-nyse-11282009