QVCA

Liberty Interactive Corp

TMT


Presented:03/10/2014
Price:$29.13
Cap:$14.50B
Current Price:$0.60
Cap:$0.24B

Presented

Date03/10/2014
Price$29.13
Market Cap$14.50B
Ent Value$24.59B
P/E Ratio27.48x
Book Value$11.91
Div YieldN/A
Shares O/S498.00M
Ave Daily Vol2,210,000
Short Int0.60%

Current

Price$0.60
Market Cap$0.24B
Liberty Interactive Corporation, through its subsidiaries, is engaged in the video and on-line commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live televised shopping programs, and Websites and other interactive media, including QVC.com. It also operates Websites offering sports gear and clothing for outdoor and active individuals in various categories; sports nutrition, body building, and fitness products; costumes, accessories, décor, party supplies, and invitations; and perishable goods, including flowers, fruits, and desserts, as well as personalized gifts. In addition, Liberty Interactive Corporation provides online travel services under the TripAdvisor and daodao.com brands. The company, formerly known as Liberty Media Corporation, was founded in 1994 and is headquartered in Englewood, Colorado.

Highlights

Liberty Interactive (QVCA) is generally less interesting to the Street and has been the “orphaned” member of the Liberty family for some time, said the presenter. He is long shares and believes the risk/ reward is favorable at ~$29-30. The two primary reasons he likes QVCA are the “very attractive” 10% FCF yield, and the upside potential for shareholders post the splitting of QVCA into two tracking stocks: Liberty Interactive and Liberty Ventures.

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