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InterActiveCorp’s advantage

March 20, 2004 |

Investors looking for a moderately priced Internet stock with a diverse revenue base may want to take a closer look at InterActiveCorp.

Investors looking for a moderately priced Internet stock with a diverse revenue base may want to take a closer look at InterActiveCorp. In contrast to predecessors like CMGI, which held sprawling portfolios of incongruous companies, InterActiveCorp has articulated a crystal-clear mission: to become the world’s largest and most profitable interactive commerce company.

Shareholders are relying on the continued astute management of CEO Barry Diller, a media mogul who has been remarkably adroit at integrating newly acquired companies. While the brisk pace of these acquisitions has had somewhat of a dilutive effect on earnings per share, it has also generated eye-popping growth rates in its core business lines—triple digits in many cases.

The parent company may not yet be a household name, but many of its wholly owned subsidiaries are. Do the names Expedia, Hotels.com, Match.com, LendingTree.com, Ticketmaster, and the Home Shopping Network ring a bell? These are just a handful of the units under the InterActiveCorp umbrella.

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