United Online To Divide In Two- Will Spin Off FTD Floral Business; Stock Surges
Remember dial up internet? Remember Juno and NetZero? United Online(UNTD) owns both brands and continues to generate cash flow from its legacy dial up business, though it continues to decline. The company has used this cash to pay a nearly 10% dividend, and to diversify its revenue stream by acquiring other businesses. Yesterday, United decided it was time… Read More »