930 Forums
=> GENERAL DISCUSSION => Topic started by: 930clubber on November 05, 2007, 07:19:00 pm
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IAC, whose board has approved the breakup plan, said it plans to divide itself into IAC, a Web- and advertising-focused business that includes Ask.com and Match.com; HSN, a retailing company that includes the HSN home-shopping channel; Ticketmaster, the concert-ticket vendor; Interval International, a resort-booking company; and LendingTree, an online lender.
Next year we can buy stock in the surcharge rapist. Yay!
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Too bad LiveNation is taking it's ticketing business in-house next year. That's about a 15% drop in revenue for Ticketmaster. It's always good to break off the dogs from the still profitable business lines.
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so pull a buffet: investors will panick, stock will drop, you scoop it up at basement price. it's not as if ticketmaster is short of saps willing to pay their ridiculous surcharges. i should know, i'm one of them. fewer shows to sell = higher surcharges, and/or TM finds new and innovative ways of racking in more of the take on show night.
a tad more info on the split: http://blog.wired.com/business/2007/11/iac-to-split-in.html (http://blog.wired.com/business/2007/11/iac-to-split-in.html)
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maybe TM will expand into restaurant and doctor or dental reservations.
i do regret missing out on the LiveNation spin-off, in december right before Xmas?? 11->18 quick.
you guys have an opinion on LiveNation? vertically integrated and tough to value with the mish mash of businesses.
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you're turning to this board for investment advice? really? if that's the case, my friend mankie might have some land in florida to sell you...
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Originally posted by sweetcell:
you're turning to this board for investment advice?
I come for the religious, medical, and romantic advice. I stay for the financial and musical advice.
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you're the one who cited pulling a buffet. so i figured you knew something to back it up. i asked for an opinion on LiveNation. if you can't, you can't. don't overgeneralize what i was asking for.
Originally posted by sweetcell:
you're turning to this board for investment advice? really? if that's the case, my friend mankie might have some land in florida to sell you...
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Originally posted by 930clubber:
you guys have an opinion on LiveNation?
I'd rather invest in tobacco or companies that do business in Iran or Darfur...
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Originally posted by 930clubber:
you're the one who cited pulling a buffet. so i figured you knew something to back it up. i asked for an opinion on LiveNation. if you can't, you can't. don't overgeneralize what i was asking for.
how is pointing out the fact that you're asking for investment advice on a snobby music board an over-generalization? :p just making a wise-crack, FYI. nothing serious, or personal.
if you wanna talk valuation of LN, let's take it somewhere else (PM, an investment chat board, etc). i prefer boring boardees with lame attempts at music-related humor and inane pop-culture observations. talk of P/E and corporate strategy comparisons might ruin my carefully cultivated image of an under-informed douche-bag.
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sweetcell, sorry for blowing your cover, we'll continue this discussion at math team practice after school. ;)
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Originally posted by vansmack:
Originally posted by 930clubber:
you guys have an opinion on LiveNation?
I'd rather invest in tobacco or companies that do business in Iran or Darfur... [/b]
daggone
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I tried to come up with a witty, biting response to that question but echoing this one is easier.
Originally posted by vansmack:
Originally posted by 930clubber:
you guys have an opinion on LiveNation?
I'd rather invest in tobacco or companies that do business in Iran or Darfur... [/b]