QVCA

Liberty Interactive Corporation

TMT, Consumer


Presented:08/07/2014
Price:$34.87
Cap:$5.15B
Current Price:$0.60
Cap:$0.24B

Presented

Date08/07/2014
Price$34.87
Market Cap$5.15B
Ent Value$10.26B
P/E Ratio26.12x
Book Value$5.99
Div YieldN/A
Shares O/S147.37M
Ave Daily Vol680,000
Short Int0.18%

Current

Price$0.60
Market Cap$0.24B
Liberty Ventures tracks the economic performance of Expedia, Inc., TripAdvisor, Inc., Tree.com, Inc., Interval Leisure Group, Inc., Time Warner Inc., Time Warner Cable Inc., and AOL, Inc. The company is based in the United States. Liberty Ventures operates as a subsidiary of Liberty Interactive Corporation.

Publicly traded companies mentioned herein: Expedia Inc (EXPE), Interval Leisure Group, Inc. (IILG), Liberty Interactive Corporation/ Liberty Ventures (LINTA/ LVNTA), Tree.Com, Inc. (TREE), TripAdvisor Inc (TRIP)

Highlights

The presenter is long shares of Liberty Ventures (LVNTA) in advance of the spin-off of its stake in TripAdvisor (TRIP). On Liberty Interactive’s (LINTA) most recent earnings call (Q2 2014 was reported on August 5), President and CEO Greg Maffei highlighted the amended S-1 (filed on July 25) and said the spin of Liberty TripAdvisor Holdings (LTRPA) is expected to occur within the next two months. LTRPA will hold LVNTA’s 22% stake in TRIP, as well as 100% ownership of BuySeasons, and the presenter thinks the transaction has the potential to generate substantial value for shareholders over a short time frame.

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