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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (257427)8/23/2003 7:28:58 PM
From: S. maltophilia  Read Replies (1) | Respond to of 436258
 
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.



To: Knighty Tin who wrote (257427)8/23/2003 9:08:49 PM
From: Terry Maloney  Read Replies (1) | Respond to of 436258
 
KT, Abelson was the only thing kept me subscribing as long as I did ...

But then I discovered I could read clowns here for free and that was that. <bg>



To: Knighty Tin who wrote (257427)8/24/2003 6:03:07 PM
From: yard_man  Read Replies (3) | Respond to of 436258
 
>>Richard Salsman wants more utility deregulation because we haven't suffered enough already. Richard, Richard. Important things like electricity, water, defense, etc. have to be socialized<<

it is interesting that some folks are calling for MORE de-regulation because of an outage.

The old regulated system really wasn't so bad --

were the utilities guaranteed a return on their capital??

yeah.

was that bad??

Yeah it was a bad deal in some ways, but maybe not so bad as the alternative that we got under recent de-regulation -- or the other alternative of outright government ownership.

Look at all the economic capital wasted by these energy marketers ... why the banks threw barrels full of money at them and continued to throw money at them, even after they had already blown themselves up, still makes me wonder.

Guess de-regulation -- like most re-regulation just amounted to a massive wealth transfer FROM the public ...