You overlooked the highlight of the issue:<G>
BARRON'S COVER
Biggest and Best of the Internet? That's Diller's Goal
His InterActiveCorp collection of e-commerce outfits really could click
By JONATHAN R. LAING
A little flattery:
....True, InterActiveCorp's stock trades at a hefty 37 times projected 2004 cash earnings of a buck a share. But that's cheap compared with Yahoo's 55 times, Amazon's 47 times and eBay's 47 times. This disparity, in part, reflects the reality that nearly a third of its earnings come from slower-growing, more mundane businesses such as Ticketmaster and Home Shopping Network. Not necessarily a bad thing, as former dot-com junkies might acknowledge....
Laing says:
and just $1.2 billion in long-term debt...
I see:
sec.gov
Long-Term Obligations, net of current maturities 1,191,522 1,211,145 Other Long-Term Liabilities 117,691 91,012 Deferred Income Taxes 2,373,950 2,385,006 Minority Interest 385,892 1,134,927 Common Stock Exchangeable For Preferred Interest 1,428,530 1,428,530
and some air in that bubble:
OTHER ASSETS Goodwill 7,333,240 5,997,842 Intangible assets, net 1,747,683 1,258,070 Long-term investments 1,392,565 1,582,182 Preferred interest exchangeable for common stock 1,428,530 1,428,530
Reminds me of MCIC. And I did lose some money buying puts in that POS a bit early. |
