QVCA

Liberty Interactive Corporation

Consumer


Presented:10/29/2014
Price:$25.82
Cap:$12.40B
Current Price:$0.60
Cap:$0.24B

Presented

Date10/29/2014
Price$25.82
Market Cap$12.40B
Ent Value$22.21B
P/E Ratio28.43x
Book Value$11.57
Div YieldN/A
Shares O/S482.00M
Ave Daily Vol2,240,000
Short Int0.33%

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. The company, formerly known as Liberty Media Corporation, was founded in 1994 and is headquartered in Englewood, Colorado.

Presented by: Jose Medeiros, Co-Founder, Stonerise Capital Partners at The Excellence in Investing: San Francisco conference

Publicly traded companies mentioned herein: Liberty Interactive Corporation (QVCA), HSN Inc (HSNI)

Highlights

Mr. Medeiros sees “value hiding in plain sight” in shares of Liberty Interactive Corp/ QVC (QVCA). He is long the stock, and believes the power of the demographic trends, customer loyalty, and the digital retail model can drive solid growth, cash flows, and return on capital. Now that the company has been isolated, there is also the potential for a deal to be done with HSN, which Medeiros views as inevitable.

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