Saturday, February 25, 2006

Barron's Touting Interactive (IACI)

Watch for the Barron's bounce on Monday for Barry Diller's internet conglomerate Interactive Corp. (IACI). I think Interactive Corp. is an interesting mix of dot.coms. The individual components actually have a nice mix of value and growth. Comparing IACI to a Tyco or Cendant, I would much rather own IACI. With IACI you get Ticketmaster, The Home Shopping Network,, Lending Tree, Bloglines,, and many other sites. Plus CEO Barry Dillar still owns a large chunk of the outstanding shares (20+% of the float). Legg Mason Value Trust manager Bill Miller and a few other Legg Mason funds continue to buy shares of Interactive Corp.


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