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IAC/InterActiveCorp Message Board

  • marks12343 marks12343 Oct 27, 2009 3:23 PM Flag

    1.8 Billion in cash???

    I was thinking about buying a few shares of IACI to open a position. I just read this from the report:

    "As of September 30, 2009, IAC had approximately $1.8 billion in cash and marketable securities, and $95.8 million in long-term debt."

    That means they basically have $1.7 billion in cash. The market cap is only $2.5 billion, meaning the enterprise value is just 800 million.

    This seems like its too good to be true. Sure,, and management are struggling. However, there are quite a few companies (ok- just microsoft), looking to consolidate the search business.

    I am starting my position right now at $19.25

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