Breaking Up Is Easy To Do

Who says breaking up is hard to do besides Neil Sedaka? IAC/InterActive Corp(IACI) is splitting into 5 separate companies. And Kraft (KFT) may sell its cereal business. What's the trade?

Karen Finerman thinks the sale of Post cereals is good for Kraft. However, she’s skeptical about the IACI break-up. Finerman says there must have been a reason for bringing the 5 companies together. Are they really better off apart?

Jeff Macke likes Kraft on the news. However, he’s also less than enthusiastic about IACI.

Pete Najarian suggests that Johnson & Johnson (JNJ) should break-up and create one company for consumer brands and another for the pharmaceuticals business.

Breaking Up Easy To Do

TICKER	COMPANY	PRICE	CHANGE	%CHANGE
IAC	IAC Inc	49.46	UNCH	UNCH
JNJ	Johnson & Johnson	149.70	UNCH	UNCH
MDLZ	Mondelez International Inc	68.85	UNCH	UNCH

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Trader disclosure: On Nov. 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (YHOO), (DIS), (HAS); Najarian Owns (CY); Najarian Owns (BIDU) Options, (C) Options, (GOOG) Options, (GS) Options, (VMW) Options, (WIND) Options,Najarian Owns (YHOO) Options; Finerman Owns (ASD); Finerman's Firm Owns (GE), (MO), (TWX), (TYC), (CMVT), (YHOO); Finerman's Firm Is Short (MDY), (IJR), (MER),Finerman's Firm Owns (CROX) Calls; Finerman's Firm Owns (MSFT) Options; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns S&P 500 Puts; Fienrman's Firm Owns (C) Options, Finerman Owns (C); Finerman's Firm And Finerman Own (GS), (HD), (KFT); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; NBC Universal Is The Parent Company Of CNBC; GE Is The Parent Company Of CNBC