LVNTA

Liberty Interactive Corporation

TMT, SPAC


Presented:04/15/2015
Price:$42.69
Cap:$6.04B
Current Price:$53.42
Cap:$21.20B

Presented

Date04/15/2015
Price$42.69
Market Cap$6.04B
Ent Value$6.57B
P/E Ratio58.3x
Book ValueN/A
Div YieldN/A
Shares O/S141.00M
Ave Daily Vol650,000
Short Int0.39%

Current

Price$53.42
Market Cap$21.20B
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: IAC/InterActiveCorp (IACI), Expedia Inc (EXPE), GNC Holdings Inc (GNC), LendingTree Inc (TREE), Liberty Interactive Corp (QVCA), Liberty Media Corporation (LMCA, LMCB, LMCK), Liberty Ventures Series A (LVNTA), Platform Specialty Products Corp (PAH LN), TripAdvisor Inc (TRIP), Vitamin Shoppe Inc (VSI), WL Ross Holding Corp (WLRH)

Highlights

The presenter is long shares of Liberty Ventures (LVNTA), and believes the market is misconstruing the value proposition of SPACs. He thinks there is a disparity between what LVNTA is currently trading at when compared to other SPACs on a NAV basis that should be corrected within the next year. He foresees a few potential catalysts from LVNTA’s desire to do a “large transformative deal,” such as spin-offs of current holdings, further acquisitions, or other strategic alternatives that are accretive to NAV, culminating in a 15% - 20% upside to current share prices.

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Idea Discussion

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