Home Depot's $18 Billion Acquisition: Genius Move or Waste of Money? [Yahoo! Finance]
Angi Inc. - Class A (ANGI)
Last angi inc. - class a earnings: 2/5 04:10 pm
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US:NASDAQ Investor Relations:
ir.angihomeservices.com/investor-overview
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Source: Yahoo! Finance
In 2020, it acquired HD Supply, a supplier in the maintenance, repair, and operations field, for $8 billion, and last year it bought Temco Logistics and International Designs Group for an undisclosed amount. The company just announced its biggest acquisition ever, taking over SRS Distribution for $18.25 billion, including SRS's debt. Home Depot said the deal would expand its addressable market by around $50 billion, and CEO Ted Decker called SRS "An industry leader with a proven track record of profitable growth across verticals." Investor reaction to the acquisition has been underwhelming thus far. The stock slipped 0.3% last Thursday and then fell 4.1% on Monday even as Wall Street's response to the news has generally been positive. So is the SRS purchase a smart move or is this another example of "diworsification," as famed money manager Peter Lynch used to call it? Let's take a look at what SRS does and see what makes it appealing for Home Depot before answering that questio
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ANGI
News
- Angi's (NASDAQ:ANGI) Q1 Sales Top Estimates But requests Fall [Yahoo! Finance]Yahoo! Finance
- Angi Inc. Earnings Release Available on Company’s WebsiteGlobeNewswire
- This National Signing Day, Angi Aims to Boost Hiring in the Trades [Yahoo! Finance]Yahoo! Finance
- This National Signing Day, Angi Aims to Boost Hiring in the TradesGlobeNewswire
- ANGI Gears Up to Report Q1 Earnings: What's in the Cards? [Yahoo! Finance]Yahoo! Finance
ANGI
Earnings
- 5/7/24 - Beat
ANGI
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 5/2/24 - Form DEFA14A
- ANGI's page on the SEC website