IACI
IAC/InterActiveCorp
TMT
04/10/2014
Presented
| Date | 04/07/2014 |
| Price | $70.03 |
| Market Cap | $5.76B |
| Ent Value | $5.82B |
| P/E Ratio | 14.87x |
| Book Value | $23.67 |
| Div Yield | 2% |
| Shares O/S | 82.22M |
| Ave Daily Vol | 1,360,000 |
| Short Int | 3.67% |
Current
| Price | $53.62 |
| Market Cap | $4.40B |
| IAC/InterActiveCorp operates as a media and Internet company in the United States and internationally. The company operates in five segments: Search & Applications, Match, Local, Media, and Other segments. The Search & Applications segment operates Websites to provide search services and content, such as Ask.com, About.com, Dictionary.com, and Citysearch.com; and develops, markets, and distributes various downloadable applications that offer users the ability to access search services. It is also involved in various online activities, such as play games, send e-cards, decorate e-mails and Web pages, and explore select vertical categories. The Match segment provides subscription-based and ad-supported online personals services through its Websites Match.com, OurTime.com, and BlackPeopleMeet.com, as well as Meetic-branded Websites, and various mobile applications. The Local segment offers HomeAdvisor, an online marketplace for matching consumers with home services professionals; and Felix, a pay-per-call advertising services. The Media segment provides Vimeo, a video hosting platform that offers video creators tools to share, distribute, and monetize content online, as well as provides viewers a clutter-free environment to watch content in various Internet connected devices; Electus, an integrated multimedia entertainment studio to produce video content for distribution; Daily Burn, a health and fitness property that provides streaming fitness and workout videos in various platforms; and The Daily Beast, a Website dedicated to news, commentary, culture, and entertainment. The Other segment operates Shoebuy, an Internet retailer of footwear and related apparel and accessories; and Tutor, an online tutoring solution. The company, formerly known as InterActiveCorp, was founded in 1986 and is headquartered in New York, New York. |
Highlights
Barry Diller’s media/ Internet conglomerate InterActiveCorp recently reorganized its management team, and is currently operating without a CEO. The previous CEO, Greg Blatt, is now running the company’s premier asset, Match.com, and the presenter believes the situation sets up optimally for a spin of the asset in late 2014 or early 2015. In addition to providing exposure to a number of valuable internet assets, he believes shares of IACI provide investors with a high margin of safety and various embedded call options.
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