Use access key #2 to skip to page content.
$23.84 0.13 (0.55%)
5/16/2008 4:00 PM

IAC/InterActiveCorp (IACI)

CAPS Rating:
***

The Company operates and diversified businesses in sectors being transformed by the Internet, online and offline its mission is to harness the power of interactivity to make daily life easier and more productive for people all over the world.

View All Commentary (IACI)

Recs

0

Avatar cursed1 (98.56) Submitted: 4/01/08 11:28 AM : Outperform Start Price: $20.97 IACI Score: 1.59

A judge rules that IACI did not need to receive approval from minority shareholder Liberty Media (LINTA) to proceed with plans to split up into 5 publicly traded companies. I see this decision as a notable positive, eliminating a material uncertainty that has hung over IACI for months and allowing IACI to move forward with the split, which I see contributing to shareholder value. I still see IACI as undervalued at 12X '08 EPS forecast, well below peers. I think a transaction between IACI and LINTA, involving an asset exchange, is now more likely to occur.

Report this Post Replies: 0 | Reply

Featured Broker Partners