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IAC/InterActiveCorp Message Board

minerva07 4 posts  |  Last Activity: May 19, 2015 5:21 PM Member since: Jul 8, 1998
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  • minerva07 by minerva07 May 19, 2015 5:21 PM Flag

    Anyone else notice the ballooning of fully diluted share count this quarter - went from 19.x to 23.x outstanding...what's that about?

    GSVC has now been public for 4 years during which time the stock market has climbed 75%. So far shareholders of GSVC have received exactly 0. This during a time when private markets are bubbling and the company owned both TWTR and FB.

    When do investors make money, Michael Moe?

    Sentiment: Hold

  • Sold out a few days ago after holding through the last two trying reports. It has become clear to me, after pulling apart the financials, and listening to the calls, that FUEL is on an unsustainable path. One need only look at top line "growth" vs. top-line less "revenue-generation-cost" growth to get a sense of that (YOY - 40% vs. 8%). Their margins are getting squeezed and they haven't yet stumbled upon a sustainable business model.

    They would be better off being private now, as its a #$%$ shoot as to whether they can right this ship. That risk/reward profile is better suited to VCs than the investing public.

    Sentiment: Sell

  • minerva07 minerva07 Mar 27, 2015 12:59 PM Flag

    She's certainly responsible and conservative - but from my experience typically wrong. I'm long URI myself and can wait a year or more for the upside, but I don't put any weight in anyone from CNBC being on the same horse!

    Sentiment: Strong Buy

  • Reply to

    dead board?

    by bee_plus_001 Mar 12, 2015 4:37 PM
    minerva07 minerva07 Mar 16, 2015 4:05 PM Flag

    Have done this work before and need to await the quarterly filing (10Q) before I do so again. First off, this trades at a fair discount to the NAV of the assets held...but I would argue with good reason(s). First, the public market has been valuing newly public tech IPOs lower than the private market, so it makes sense to adjust the "book value" of each investment down somewhat.

    As of last quarter I estimated BV at about $15/share...but if I carve off 30% of value of individual investments for illiquidity and difference between private/publick markets, I get a fair value of $11.06.

    Sentiment: Buy

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