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0 0.00231481481481477 0.00462962962962953 0.00462962962962953 0.00925925925925927 0 -0.011574074074074 -0.0185185185185185
Stock impact report

IAC: Asymmetric Investment At $42 [Seeking Alpha]

Angi Inc. - Class A (ANGI) 
Last angi inc. - class a earnings: 2/5 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.angihomeservices.com/investor-overview
Company Research Source: Seeking Alpha
sturtiWhat a difference 24 months makes. Two years ago, IAC (NASDAQ:below).A Builder of Businesses (Investor Presentation)More recently, IAC has hit a rough patch which has caused its share price to plummet. Two of its largest businesses, Dotdash Meredith (Meredith was acquired in late 2021) and Angi (ANGIShould Dotdash Meredith or Angi start to show an improvement in results or if investors become more optimistic on Turo (which is producing record results), IAC shares could see shares more than double. If results continue to sputter, as I show below, I see little downside. Given what I believe to be an asymmetric situation, I've taken a long position in the stock.Current resultsIAC has two problem children - Angi and Dotdash Meredith:Discussion of Dotdash Meredith Execution Issues (IAC 3Q22 Shareholder Letter)While at the time of the acquisition, management expected the combined Dotdash Meredith to produce digital EBITDA of $450 million in 2023, operational setbacks and the difficult Show less Read more
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