IACI Boom or Bust? Message Board

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Non-Tech : IACI Boom or Bust?

IACI 50.68

-2.9%

Jan 20 4:00 PM EST

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To: powershred who started this subject	8/14/2003 2:41:15 AM
From: powershred	Read Replies (3) of 60

Despite releasing favorable earnings for Q2 2003, the stock got spanked from a high of $42ish to the current $34 level. Here is the link to the release: iac.com Among the reasons given for this trashing are: - Share count after closing the Lending Tree, Expedia and Hotel.com deals were going to be higher than what the ANALysts have expected. - An article in the NY times that profits at EXPE are inflated as it does not account for future tax liabilities. iac.com - Steve Harmon is on record to say that it is overvalued based on the trailing P/E ratio of 380. biz.yahoo.com Now the counterpoints: - IACI expects to meet or exceed its FYE 2003 adjusted EPS of $0.75 and expects to spin $1.4B in net cash (don't think AMZN or EBAY does this yet) - The tax liabilities are common to other online providers as well; it is disclosed and IACI is aware of it. Regarding the use of pro-forma, how else is company supposed to compare results after mergers? - Who is Steve Harmon....what's wrong with using trailing EPS? To buy more at $34.73? Looks like more patience is required.... stockcharts.com[w,a]waclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

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