Tripadvisor - spin-off von Expedia

ISIN: US8969452015 | WKN: A1JRLK | Symbol: TRIP
-0,68 %
-0,130 USD

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Is the TripAdvisor Spin-Off a Lousy Destination?
By Louis Bedigian
Benzinga Staff Writer
December 21, 2011 2:59 PM

Expedia's popular travel website, TripAdvisor, is now trading on its own. Should investors care?

At the time of this writing, Google (NASDAQ: GOOG [FREE Stock Trend Analysis]) doesn't seem to care. A quick Google Finance search for TripAdvisor (NASDAQ: TRIP) brings up an old, out-of-date listing for some pink sheets corporation called TravelBuys, Inc. As you can see, investors are very excited for TravelBuys' potential:

Note the sarcasm.

There was some additional confusion when TripAdvisor was thought to be trading under the ticker TRIPV. But if you enter that ticker into Yahoo! (NASDAQ: YHOO) Finance now, you will be redirected to the proper page.

“This is a truly exciting time for TripAdvisor, and we are eager to continue to innovate on behalf of our users and grow the business as we enter this next chapter,” Stephen Kaufer , co-founder and CEO of TripAdvisor, said in a company release. “TripAdvisor's spin-off and membership in the S&P 500 both represent major company milestones, and is also a testament to our community and the value of user generated content.”

What has come of the stock since its debut this morning? Just as Zynga (NASDAQ: ZNGA) crashed and burned last Friday (and continues to decline on a daily basis), TripAdvisor fell from its roughly $30 debut at 9:30 a.m. to $28.79 at 10:13 a.m. Within the following 10 minutes, the stock inched back up past the $29 mark, then gradually fell back down to the $28 level, where the stock has mostly remained. Unless something drastic occurs, it is unlikely that TripAdvisor will be able to close at anything other than a loss. Whatever happens, you can be sure that Benzinga Pro will bring you the latest updates faster than any other newsfeed.

Expedia (NASDAQ: EXPE), on the other hand, is on the rise this afternoon. The company had a rough start to the year, going from $27.30 on January 14 to $25.16 on January 31. The stock continued to decline, dropping more than 20% during the second week of February. Expedia finally bottomed out on March 1, closing at $19.69. From then on, the stock rose pretty steadily, even during the volatile spring and summer months. But once August hit, Expedia was faced with another sharp decline, which was followed by a continuous, roller coaster-worthy cycle of ups and downs.

This is still a better outcome than the pain Expedia and its former parent company, IAC/InterActiveCorp (NASDAQ: IACI), endured after Expedia went public in 2005. At that time, both IACI and EXPE dropped, CNNMoney reported. At least in this scenario Expedia is doing well, even if TripAdvisor is not.

But you have to wonder: what does IAC hope to accomplish with its continued effort to spin-off corporations, which then go on to spin-off other corporations? Why not build up the best single entity and see where its stock can go?

Instead, these companies would prefer to build up the values of as many small entities as possible, which can trade for lower amounts individually than they would as one unit with IAC, which could make them more appealing to investors.

Still, I'm not sure IAC has made the right decision here. Is it a coincidence that the company chose to spin off Expedia after the stock took a serious hit in 2004? Up until that point, IAC was on the rise. It peaked in July 2003 at more than $161 per share. Twelve months later, the stock had lost roughly a third of its value. By August 2005, IAC had lost another two-thirds of its value. The stock continued to fall and dropped to a new low with the financial crisis in 2008. Since that time, IAC has only experienced a moderate recovery.

Similarly, Expedia was struggling to recover when the company announced that it would spin-off TripAdvisor. Is this one great big coincidence? Or is this what IAC and its former subsidiaries like to do – spin-off assets and start new publicly traded companies whenever times are tough?

Read more:…
December 6, 2011
Expedia, Inc. Stockholders Approve Spin-Off of TripAdvisor, Inc.
'EXPEV' and 'TRIPV' to Commence When-Issued Trading

BELLEVUE, Wash., Dec. 6, 2011 /PRNewswire/ -- Expedia, Inc. (NASDAQ: EXPE) announced today that its stockholders overwhelmingly approved the spin-off of TripAdvisor, Inc. and the related proposals submitted at Expedia's annual meeting of stockholders held earlier today, including the one-for-two reverse stock split proposal, the conversion of the outstanding shares of Expedia Series A preferred stock into the right to receive a fixed amount of cash pursuant to a merger, and various amendments to Expedia's certificate of incorporation. The approval included a favorable vote by more than a majority of the non-management shares. Expedia® expects the transaction to close on or about December 20, 2011, including implementation of a one-for-two reverse stock split of Expedia stock immediately prior to the spin-off.

In addition, the proposals submitted to stockholders with respect to the re-election of all members of the Expedia board of directors, ratification of the appointment of Expedia's independent auditor and the advisory vote on executive compensation were also approved, and stockholders recommended three years as the frequency with which advisory votes on executive compensation would be held. Expedia will file the final, certified vote results on a Current Report on Form 8-K when available.

The Nasdaq Global Market has advised Expedia that both TripAdvisor® common stock and Expedia common stock (on a post spin-off basis) will trade on a "when-issued" post-reverse stock split basis on Nasdaq under the symbols "TRIPV" and "EXPEV" respectively, from December 7, 2011 through the completion of the spin-off, which is currently expected to occur on or about December 20, 2011. During this period, Expedia common stock will continue regular way trading on Nasdaq under its existing symbol, "EXPE." On the first trading day after the spin-off is completed, which trading day is currently expected to be on or about December 21, 2011, regular way trading will commence for TripAdvisor under the symbol "TRIP" and will continue for EXPE under the symbol "EXPE."

Upon completion of the spin-off, Expedia will cease to have any ownership interest in TripAdvisor, and TripAdvisor will become an independent publicly traded company, with the stockholders of Expedia immediately prior to the spin-off holding all of the shares of TripAdvisor stock.

TripAdvisor, Inc. will be based in Newton, Massachusetts and Expedia, Inc. will remain headquartered in Bellevue, Washington.
Ja halte ich auch für sehr interessant und bin da drin seit einigen Tagen.

Wer sich sonst auch für Internetaktien interessiert, kann sich gerne einmal den Blog anschauen. Da gibt es eine Liste aller Aktien aus dem Sektor und auch mehr Researchmaterial
Antwort auf Beitrag Nr.: 42.702.314 von comiter am 05.02.12 18:20:49Schöne Liste;

über die von Dir genannten hinaus beobachte ich noch:

iProperty, Australien, Immoportal für Asien
wotif, Australien, Hotellzimmer last minute
REA Group, Australien, Immoportal
CTS Eventim, Deutschland, Internet-Tickets
Live Nation, USA, Internet-Tickets
Delticom, Deutschland, Reifenverkauf online
Petmeds Express, USA, Tierarzneimittel
SNAP Interactive, USA, facebook-App
Shanda Interactive, China, Portal
Shanda Games, China, Spiele
Activision, USA, World-of-Warcraft, Russland, Portal & Facebook-Investor, Frankreich, e-Commerce
Gameloft, Frankreich, Smartphone-Spiele
Hi-Media, Frankreich, eAdvertising
DeNA, Japan, Social-Media Games
Gree, Japan, Social-Media Games
Rakuten, Japan, e-commerce galore
Yandex, Russland, russisches Yahoo
Ariba, USA, purchasing eCommerce
DocCheck, Deutschland, Health-Portal
Coastal Contacts, Kanada, Kontaktlinsen
United Online, USA, Blumen und stayfriends
Naspers, Südafrika, Tencent-Aktionär und eigene e-commerce Aktivitäten
i:FAO, Deutschland, Reiselösungen
Travel Viva, Deutschland, Ticket-consolidator
SINA.Com, China, Portal
OPAP, Griechenland, Wettanbieter
TradeMe, Neuseland, e-Bay Klon
Wirecard, Deutschland, ePayment

...und aus dem Finanzsektor mit ähnlicher Businessmechanik:
Mutui Online
DAB Bank
Comdirect Bank

für die meisten Werte habe ich auch Threads angelegt...

Fände es gut, wenn wir uns mal öfter über den Weg liefen...
Weiß eigentlich jemand, warum sich der Gewinn im Vergleich zum Vorjahr so schlecht entwickelt hat?
Hallo zusammen,

ich bin neu im Forum und bei Tripadvisor seit Ende Juli 2012 investiert. Die Aktie kam gerade von 45$ und ich habe mir damals zum Preis von 36,00 $ einige Stücke ins Depot gelegt.

Seitdem gab es schon viel Bewegung:

- Absturz auf 29,40 $ (-18% gegenüber meinem Einstandskurs)
- Veröffentlichung von sehr guten Quartalszahlen Anfang November
- Anstieg auf 36,60 $ Mitte November

Naja, ich gebe zu, ich war zwischenzeitlich schon etwas skeptisch.
Nun bin ich aber sehr zuversichtlich, dass demnächst die 40,00 $ anvisiert werden. TRIP ist einfach eine geile Seite und der Trend sieht aktuell sehr positiv aus...

Wäre schön, wenn es im Forum noch andere Investierte oder Interessierte gibt und man sich zukünftig hier ein bißchen über den (hoffentlich positiven) Kursverlauf von TRIP austauschen könnte... :-)
Aktie geht heute über die 40$ und schließt mit 40,91 $.
So kann es gerne weiter gehen... :-)
Janney Montgomery Scott Starts Stock Coverage on TripAdvisor (TRIP):

Janney Montgomery Scott assumed coverage on shares of TripAdvisor (NASDAQ: TRIP) in a report released on Wednesday. The firm issued a buy rating on the stock.

A number of other firms have also recently commented on TRIP. Analysts at Piper Jaffray reiterated an overweight rating on shares of TripAdvisor in a research note to investors on Tuesday. They now have a $45.00 price target on the stock. Separately, analysts at Deutsche Bank upgraded shares of TripAdvisor from a hold rating to a buy rating in a research note to investors on Monday. They now have a $50.00 price target on the stock, up previously from $37.00. Finally, analysts at Morgan Stanley upgraded shares of TripAdvisor to an overweight rating in a research note to investors on Thursday, December 6th.

TripAdvisor opened at 40.91 on Wednesday. TripAdvisor has a 1-year low of $23.99 and a 1-year high of $47.81. The company has a market cap of $5.823 billion and a price-to-earnings ratio of 31.49.

TripAdvisor last released its earnings data on Thursday, November 1st. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $212.70 billion for the quarter, compared to the consensus estimate of $211.30 billion. TripAdvisor’s revenue was up 17.6% compared to the same quarter last year. On average, analysts predict that TripAdvisor will post $1.51 earnings per share for the current fiscal year.

TripAdvisor, Inc. (TripAdvisor) is an online travel research company, enabling users to plan and have a trip.

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