IACI
IAC/InterActiveCorp
TMT
11/18/2013
Presented
| Date | 11/13/2013 |
| Price | $57.97 |
| Market Cap | $4.83B |
| Ent Value | $4.73B |
| P/E Ratio | 14.77x |
| Book Value | $23.67 |
| Div Yield | 2% |
| Shares O/S | 83.29M |
| Ave Daily Vol | 990,000 |
| Short Int | 6.31% |
Current
| Price | $53.62 |
| Market Cap | $4.40B |
| IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. Its Search & Applications segment operates Websites to provide search services and content, such as Ask.com, About.com, and Dictionary.com; and develops, markets, and distributes various downloadable applications that offer users the ability to access search services, as well as engages in various other activities online, such as play games, send e-cards, decorate e-mails and Web pages, and explore select vertical categories. The company’s Match segment provides subscription-based and ad-supported online personals services through its Websites, such as Match.com, Chemistry.com, OurTime.com, BlackPeopleMeet.com, and OkCupid.com, as well as through Meetic-branded Websites and mobile applications. Its Local segment consists of HomeAdvisor, an online marketplace for matching consumers with home services professionals; and an online media company that owns and operates CityGrid, which integrates local content and advertising for distribution to affiliated and third party publishers across Web and mobile platforms, as well as proprietary Websites. The company’s Media segment consists of a video hosting platform for creative professionals and consumers; an integrated multimedia entertainment studio to produce video content for distribution across various platforms; an online entertainment Website for males; a content production studio, which creates long-form content for distribution through traditional media channels; an online media company that produces the digital version of Newsweek magazine; and a Website dedicated to news, commentary, culture, and entertainment. Its Other segment engages in the Internet retail of footwear, and apparel and accessories; and provides online tutoring solutions. The company, formerly known as InterActiveCorp, was founded in 1986 and is headquartered in New York, New York. |
Highlights
IAC/InteractiveCorp (IACI) is one of the presenter’s largest holdings. He believes the most recent quarter was extremely bullish for shareholders, and explained his thesis that the owner of Vimeo, Match.com, and a number of other businesses could be worth $100 per-share or more on a breakup or monetization of certain assets. Alternatively, shares could appreciate based on the market’s (and investors’) realization that the majority of IACI’s businesses can be bought for free at present levels and the company could have 50% of its market cap in cash on the balance sheet by 2015.
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