Bought IACI (Spin-off)

Based on the recommendation of a member of the discussion board (and after some additional research), I bought Interactivecorp (IACI) for $17.72 per share on August 19. Later that week InteractiveCorp spun-off four divisions: Lending Tree, Home Shopping Network, TicketMaster, and Interval. For each share of IACI I received 1/5 of a share of HSN, ILG, and TKTM and 1/30 of a share of TREE. IACI shares underwent a reverse split following the spin-off.

Today I received the spin-off shares in my Scottrade account. Already I’m up 12.5%; however the intent of this is not to make an immediate buck, but to give the spin-offs a year or two to take off. So I’ve got to work on my patience and continue to monitor these 5 companies.

Much thanks to Eric for his detailed analysis of the transaction on the Members-only Discussion Board.