know what happened in late August of 2008? I'm looking at the chart and I went from $34 to $17 overnight. I looked through their archives and can't find any news. What attracted me to IACI in the valuation. It is remarkable. I follow and research many companies and this just stands far above most. They have $13/sh in cash. So is really trading at $15. They have a "cash flow" of $4/sh! 3x cash flow is unbelievable. Free cash flow is even $2/sh. Very impressive. Earning from 2010-2011 will grow by 64% ($.88/$1.44). These kind of numbers are remarkable to me. I bought some calls for April.........
would have caused IACI stock to be cut in half. I "pasted" it below. This company looks very strong. The revenue blew away expectations and the future is bright. $12/sh cash and they just bought some that will bring in 3x as much revenue compared to what they would make in the bank. They have so much cash. They will continue to look for ways to expand their company. This could easily be a $50 stock in 2 years. JMHO.
2008 January IAC acquires a minority stake in eHealthCentral Network
May IAC and Ask.com acquire Lexico, owner of Dictionary.com, Thesaurus.com and Reference.com
May IAC and IAC Consumer Applications and Portals acquire GirlSense
July IAC completes the sale of Entertainment Publications, Inc. IAC launches Life123.com
October IAC completes the spin-offs of HSN, Inc. (HSNI), Interval Leisure Group (IILG), Ticketmaster (TKTM) and Tree.com (TREE) - (announced 11/07) IAC launches The Daily Beast, a website dedicated to news and commentary, culture and entertainment in partnership with Tina Brown
IAC and ServiceMagic acquire a majority stake in The Koening Company (which owns 123Devis.com and 123GetAQuote.co.uk) and acquires Travaux.com from Groupe CyberArchi therefore launching ServiceMagic Europe in conjunction with ServiceMagic International
December IAC unwinds its 30% equity stake in Jupiter Shop Channel
NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- IAC (NASDAQ: IACI) announced today that it has completed the spin-offs of HSN, Inc. ("HSNi"), Interval Leisure Group, Inc. ("ILG"), Ticketmaster and Tree.com, Inc. ("Tree.com") to IAC shareholders. For every one share of IAC common stock held on August 11, 2008, the record date for the spin-off, or bought in the due bill period, holders received one-fifth of a share of common stock of each of HSNi, ILG and Ticketmaster, and one-thirtieth of a share of common stock of Tree.com. Immediately following the spin-off on August 20, 2008, IAC also effected a one-for-two reverse stock split.