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Avila Energy Corporation Provides Update on Negotiations, SPAC 🚀
$WISH - assuming break even by end of 2023 and EBIT of $500M by 2024 - using DCF I get a target price of $50 by 2027
$PLBY (PLAYBOY) buys Dream to rival OnlyFans.
$PLBY (PLAYBOY) buys Dream to rival OnlyFans.
$PLBY (PLAYBOY) buys Dream to rival OnlyFans.
$PLBY (PLAYBOY) buys Dream to rival OnlyFans.
Meredith takeover for lower price than current price?
What are your picks for the next group of stocks to be added to the S&P500 index?
How Will the Market React to IAC/Interactivecorp (IAC) Stock Getting a Bullish Rating
$PLBY vs OnlyFans. Leveraging the iconic PLAYBOY brand
Mentions
Public ones focusing on acquiring and growing online business: Tiny.v, IAC, Constellation Software, DigitalBrands, Future PLC, there’s a few others I can’t think of that I can circle back to you on
Maybe because they aren’t building nuclear weapons as confirmed by the IAC, Tulsi Gabbard and everyone else other than war monger Izy. We should go to war to take out dictators we don’t like? How has that worked for us in the past?
You haven't read about these. IAC drugmakers will often offer 'large rebates' to insurers or PBMs in exchange **for preferred placement on formularies**. These formularies are a list of drugs that they make up so they can place cheap alternatives at the bottom. (Everyone makes more on expensive drugs vs cheaper ones.) PBMs also work to charge insurers MORE than pharmacies and why they get to keep the difference I don't know. But it's one reason that insurers are vertically integrated so that they can reap more profit.
[Misbehave yu](https://www.google.com/search?client=ms-android-ee-uk-revc&sca_esv=c4135f981558d494&q=jason+derulo+wiggle+lyrics&uds=ABqPDvwgfr2tB4IFrUfY6970ZDEqhNo4XWjh4fbQoDj0k7Esg-A9uuOIs0zC1Gjj2wI2TD52jiHT1gi3tJ1m6or3EfvwB2hDIOQiLpcLni8xRaT72MoNIPsrozcYMQQdPqEGIPXBleKCM0L-vHPERmbSjVtCEpwQNSFSUQImbYlBCEKfm6BpmSa5lh0g-1uavkVhm3qr8fknW5xf2BX3ReR8oxFUAbm-vYnBRLuh0vKSnL4VzMqJM9m6OqVKBW0fWhflwctBmJ0HSDV0WV1wQebrNQ58DS6RQt0TqQGCJILS_4-Z6e5R5m7jlsIB0pZYZ_-NbitnvycQLLPLlbgil1IAC99jGgMVuxunQfuwEgrGsJGe9mw6A_aCalOsWEuDxKSb39WXCrZ5JHHT4WopR-SaHDvntcBODLV5ZoGqOcI6fbQVFKQ6Lg40LGb2VSWeH45AjE-Dhivh&si=APYL9bvANhkpyEhcl2rqpzxECqTUq49tNzJ_JBnRD6lM1Th9NZ5cgeeYK1lMRqAhwxRO7sP3cgkbwAQZDMkdoB0kukMcjbzSU3qVSXUyXpnP1nPdy832oCcs4U3er0enuJB8p16yjGI7jLRdYeIbuXDHPsjvjyf7FrSC5qXW-JduYupC-RjFGX8%3D&sa=X&ved=2ahUKEwjGqqLnkNKMAxU1W0EAHXdwIKQQk8gLegQIKhAB&ictx=1&stq=1&cs=0&lei=rCv6Z8akHbW2hbIP9-CBoQo#ebo=1)
THRY, RMNI, IAC, CDLX. first 3 are ridiculously cheap now. And have been doing okay through the entire period. They never really experienced the ridiculous up, but definitely had big drawdowns in 22.
Yes, IAC sum of the parts thesis always looks compelling yet stock doesnt ever move lol
Doesn't IAC own about 20% of it? Then that trades at a discount too, so discount within a discount (Discountception.)
I own IAC but you're looking at the company wrong. First of all the companies market cap is 4.48 billion. Second I think to accurately understand IACs intrinsic value you have to use a sum of the parts model. This is because it holds a lot of parts from different companies. For example it owns like 80 something percent of Angie. This is huge because they are working on a turnaround (Angi CEO and IAC CEO is the same person). They own dot-merideth which I value to be around 2 to 3 billion but this turnaround is going to take a little bit longer. Finally they also own 30% of turo (which should IPO in the next year or two) and a good chunk of MGM. They also own a bunch of other companies which are smaller and for this calculation don't matter. If you price all of this in you should get a market cap of 6-7 billion at least. I own it because to me that is undervalued with the decent margin of safety.
No - casino names have a history of considerable volatility yet really haven't offered great returns over time. WYNN stock was where it was now in 2006. LVS is down from where it went public in 2004. Unless things have changed recently, IAC owns a sizable chunk of MGM.
Keep an eye on NKGN. They’re going to present positive clinical trial results of their Alzheimer’s drug at IAC next week and hold a press conference to announce the results.
S&P is up 8.4 percent average over last 10 years. A bit high, wonder if any reflection on late higher inflation. IAC, I'd like to see a tad lower before going all in.
"The winding deal process had already led to the departure of CEO Bob Bakish earlier this year, leaving in place a three-headed office of the CEO to run the company." A company whose stock has gone nowhere for decades replacing an absurdly overpaid one with three co-CEOs certainly has the best interests of the shareholders in mind, I'm sure lol. They should have let Diller buy National Amusements although I'm sure IAC shareholders wouldn't be thrilled.
I genuinely think that there's an element of anything Liberty/Malone-related did very well for people for many years. The last several years no, but people keep investing as if things will turn the other way someday. Sorta/kinda similar, I think there's a contingent of people who are still believers in IAC.
##Bold takes for June: Technology: + Apple buys Sonos (voice needed for AI of future), makes their app update less sucky and instantly works magically with all of Apple crap. Basically you need those mics in peoples houses to catchup at this point. And if you have AI in the cloud like Siri it'll work. At WWDC they announce their Open AI partnership which is deeply integrated into next iOS. Marquis Brownlee has a small orgasm as he reviews a Siri that seems to actually work. + INTC makes some stupid announcement and continues to suck. + QCOM boosts to $250 because they're doing everything right. + TSLA does not have the votes to appease massa Elon, Elon threatens to leave on X, stock drop bigly, TSLA board makes a compromise, herr Musk comes back. If this happens, buy big calls on Elon crybaby day. + Turo goes public. Riding off of Reddit's success in their direct-to-user offering, now's the time for this puppy to ride. That benefits IAC. #Consumer: + PM drops their new IQOS heets to nicotine fiends everywhere, Zyn continues to dominate #Biotech + SNSE announces their dumb drug works, doubles overnight
IMO, contrarian investing situations are wins rarely. Too many people think that every thing that is down a lot is the next Meta when that situation and the bounce that occurred is rare. You want good company, compelling assets, something has occurred to place that company out of favor and there is some potential catalyst on the horizon for that to change. Or it's a mismanaged company with compelling assets that has a new management team with the track record to suggest change is possible (GE managing to get Larry Culp, who should be in the CEO hall of fame for turning that company around.) There are plenty of situations where people can offer all manner of "sum of the parts" stories and discussions of how NAV is much higher than the stock is currently trading at - that doesn't mean that the market will respond to it imminently and maybe not ever. MSG Sports (MSGS) has been discussed for years as a sum of the parts story as people break down the valuation of all of the sports teams that the company owns vs where other teams have sold recently and when you see that, it looks compelling on the surface. The problem is that you have a terrible management team who acts in their own interest and has never displayed any desire to sell. Until that changes, you're not likely to see that value realized. Howard Hughes has been talked up for years now. Several years ago there was a Barrons cover with Bill Ackman - "Baby Buffett" about how might turn Howard Hughes into his own Berkshire. Several years and many, many NAV/sum of the parts presentations (including from Ackman) later, the stock sits way under where it was when the article happened. Ackman has taken to buying the stock in the last year or so in the low 70's and continually building the position bigger (i think he owns about a third at this point?) and maybe he eventually does combine it with his public hedge fund and turn it into a Berkshire-esque entity but: he's not really competing with anyone else much and I don't know how big a premium will be on the offer if he ever buys the rest (certainly something, but for all the discussion of how undervalued it has been over the years, none of the usual entities ever made an offer. It's always been a oddity - it's a real estate company but not a REIT and has never paid a dividend - it's a mixture of various assets including MPC's. There was an attempt to seek strategic alternatives a few years ago, but you didn't get a Blackstone or Brookfield biting. IAC was a very successful company for a long time and they had a very good record of developing and spinning out companies (Match, Expedia) and sometimes spinning them off at the right time before they tank (Vimeo.) IAC has not had a great last few years and post Match spin off, what's left is a bit of a mixed bag. Management has talked up sum of the parts and how cheap the company is in its shareholder letters, but people want to see something more compelling than that. There is a good management team but it could continue to take a long time to play out. So, I think it's tough and this is not a market that rewards contrarianism in most cases. Or it takes a lot longer to pay off than one expects - too many people buy what appears cheap and it's mismanaged in the meantime and there's no apparent catalyst for change on the horizon. Too many people looking at things like PFE that are big and down a lot yet aren't considering why it's lower than it was 1-5-10-20 years ago and what will make the next 5 years any different. Lastly, I don't think value investing is over by any means but it really has had a somewhat difficult decade+. It did well in 2022, but people rented value while they waited for the green light (AI) to run back into growth. What changes that/when that changes I don't know. Einhorn interview from last year: https://acquirersmultiple.com/2023/07/david-einhorn-the-biggest-change-to-value-investing-today/
Definite no. You just had Hertz dump a huge amount of their EV fleet because of higher costs and other issues. 60 EVs is also nothing - this feels like a pink sheet company. "When the idea of those e-bikes and e-scooters was first floating around, I thought there is no way it would be successful. Turns out I was wrong." It wasn't - Bird just went bankrupt recently. There may continue to be others, but it isn't a good business. Wired did a long story the other day. https://www.wired.com/story/blood-guns-scooters-bird/ If you want exposure to car rentals (I wouldn't), invest in a car rental co or IAC has a small stake in Turo (although that investment is a very small part of the larger co.)
There's others, too. FRMO is a weird little entity run by the management of Horizon Kinetics as their own little Berkshire (complete with Berkshire-esque website.) Hasn't done that well despite crypto exposure and trades at a discount (and most if not all of these types of entities do trade with a conglomerate discount.) IAC is another in the US that did very well for many years spinning off various entities to shareholders (MTCH) but has had a challenging few years with the remaining public/private assets.
Things may trade at a discount for ages. There's been plenty of sum of the parts discussions on HHH for several years at this point. The company's NAV is around $125, but given the relative oddity/uniqueness/complexity of it, it has traded at a persistent discount for years. Ackman has been buying in recent months every time it goes to the upper $60's/low $70's and Pershing Square owns something like 35% of it at this point. But people have done "sum of the parts" presentations for several years if not longer. For all the "how cheap it is" discussions from very smart people, none of the usual names (Brookfield, etc) bought it, it's Ackman doing it - 8 years (and something like 50% lower in the stock) after he was on the Forbes cover for a story about how he might make it into his Berkshire. Not a fan of BABA, but there's certainly reasons why something can trade at a discount for eons. Cheap can get cheaper or stay cheap for much longer than people think. IAC is another situation in the US that has traded at a persistent sum of its parts discount (which, like HHH, the company has illustrated in its letters to shareholders), although they have had issues in the last couple years.
BABA average at at $210, down $120k at the moment but just holding until Chinese equities recover PTRA at $18 i think, sold it for a $90k loss IAC at $120, down $40k CANO, lost $20k I'm down 50-60% in the past 2-3 years. around $250-300k. You live and you learn
Funny thing is I used to work in IT at an IAC company and at the time, we had to change on the default browser, the search engine to Ask Jeeves cause they owned it and wanted it used more. Employees kept changing it away from it.
>I can't recall a worse spin-off. I mean for IAC it was a good spinoff they fully exited at the market top iirc
[**Prolonged Hollywood strikes could lead to ‘an absolute collapse of an entire industry’: IAC’s Barry Diller**](https://www.cnbc.com/2023/07/16/hollywood-strikes-could-lead-to-an-absolute-collapse-iacs-diller.html) *Oh no what do we do? What do we do?* Watch more porn?
IAC should reintroduce jeeves, but AI. sleeping.
You nailed it. If one is single cloud, it's simpler just to use the native CDN in your cloud. (Like Cloudfront), and it works just fine and is cheap. When I looked at it, IAC with Cloudflare required Terraform, which we didn't use. Why in the world would I want the tool sprawl? Cloudflare sales couldn't get it through their heads that their tool was a terrible fit for our environment. I had to block them on my phone and my LinkedIn as they wouldn't leave me alone. They were some of the most gonzo sales people I've worked with and have permanently burnt their bridges with me. My guess is that they're looking someone naive to buy into it. It's a great product, but that doesn't mean it's a great fit for everyone.
>Who??? [Star-Lord](https://youtu.be/IAC7Ztu1Hao?t=33)
They use AWS so with the right services and setup (IAC), shouldn't be so hard to scale
I have 4 stocks and two ETFs in my brokerage and Roth IRA. Two stocks are big financials (BLK & CG) Other two are a tech company (IAC) and a smaller financial (SOFI). BLK is my largest position by far. 50% of portfolio. Ive been buying a lot of it lately since it’s down so much. I’m down big in SOFI and CG. IAC is a small position. I’m long all the stocks. Two ETFs are VOO and IJR.
They probably do, match spun off IAC a few years back after it went public which was after the aforementioned tweet
Reminds me of the IAC comm director who tweeted she couldn’t get aids because she’s white, then that tweet lived for hours while she flew to Africa and everyone kept trying to get it down.
IAC is up +1.46% to US$45.92. Take a look on Yahoo Finance: https://finance.yahoo.com/quote/IAC. Play here?
Latest SEC filing: https://www.sec.gov/Archives/edgar/data/1514587/000119312522236530/d145731ds1a.htm. For first half 2022 net profit of $74.4M. However income from operations was 16.7M, down from 25.1M same period 2021. In 2022 they show income of $59M "as change in fair value of redeemable convertible preferred stock warrant", which I think is stock warrant related to IAC/Barry Diller. I don't know what it means.
Here I go averaging down again, TWLO, DOCN, IAC, and INTC on the menu. I am a slow learner
IAC has had real success over the long-term, but ANGI was one thing that I never liked about it and wished they would dump the same way they dumped VMEO at the right time. What's left in current IAC is not compelling. HHC is the bigger "sum of the parts still not adding up years later" story.
IAC such a great lesson for why sum of the parts is a bad idea if the parts themselves are not great. Market thinks Angi is a zero seems like, so IAC is gonna keep getting pounded
I would like to strangle whoever pitched me $IAC for sum of the parts, one of my worst dip buys by far
Every paycheck, WBD, IAC, SE, and INTC as of late
The stock price of IAC, People Magazine, will go up slightly. Later down the road, Prince Charles will take her place and he will push his own agenda that will benefits companies he likes. Find out what companies he likes. They would be the beneficiaries. Albeit, years down the line.
Groupon is undervalued at 11.50 a share with market cap of 340M. If you exclude Sumup stake valued at 200M its only valued 140M. Its good short squeeze candidate with 6 million(40% of float) shorts and two activist investors. Its very good buyout candidate for IAC or Yelp.
roupon is undervalued at 11.50 a share with market cap of 340M. If you exclude Sumup stake valued at 200M its only valued 140M. Its good short squeeze candidate with 6 million(40% of float) shorts and two activist investors. Its very good buyout candidate for IAC or Yelp. Target price 25 in 6 months to 1 year
Good. They've helped fuck up dating due to their datings apps and acquiring so many of them and making them all even worse. Well, not sure if it was Match acting on their own in the 2010s when dating apps started taking over or their former parent company IAC. The separation is still recent so if Match intends to do things differently, it'll take some time. https://en.m.wikipedia.org/wiki/Match_Group
Its ironic, two of my biggest % losers are my "value" picks. I lean super heavy tech growth but figured I would balance a little with INTC and IAC, whoops!
No meme stocks, but a lot of beat down speculative stocks like DOCN, IAC, SE, U, TDOC, TWLO, SDGR and a decent chunk of META/GOOGL
IAC is an example where I've invested in the holding company/spins before (MTCH) but - as great as the record of leadership is - I could never get comfortable with some things like ANGI. I used to own FWONA when it was Liberty Media. I've owned plenty of holding companies with non-public entities and still do own some (Danaher.) I like owning conglomerates/holding cos but it really depends.
Im not sure about Thoma, but for IAC they have a $1.3B+ in cash on hand from the Match and Vimeo spinouts in the good times to put to work atm. Not a crazy amount but enough to get something done or at least do an MGM style partial buy
I want to see much more M&A stuff happening, I am kind of surprised we have not seen Thoma, IAC, or someone similar make a big move recently on some of the really hammered stuff. Zendesk and Hood getting us off to the races
Bought some more $IAC, holding the rest of my contribution for crm if it tanks tonight
What are my moves tomorrow? I like IAC, Blackbaud, Disney, Albemarle, and bonds.
FPA Crescent was long Naspers (which spun off Prosus) and short Tencent for years (there's a presentation from 2015ish you can find online) given that Naspers (and now Prosus) has traded at a discount. The trade never worked and it's still at a discount last I looked. I don't know at this point that that discount will ever evaporate and now you have growth cratering, so now I want to be investing in companies that own private growth companies even less (and this kind of environment makes me less confident about the discount narrowing.) Plus, their public investments (Delivery Hero, for example) not doing too well. I'm certainly not against the company, but the discount didn't narrow when times were good for growth and now it feels like there's been a regime change. It's been several years and a spin off later, I don't know what else they could do at this point. I think with a lot of "sum of the parts" stories, people see the discount and think that the rest of the market will see the discount and it's so compelling that the rest of the market just has to see it and the discount will evaporate. A lot of times for any number of reasons (impact of something like selling assets, etc) it doesn't happen. See also: IAC.
### Inside Peloton’s epic run of bungled calls and bad luck In late October 2020, Peloton chief executive John Foley sat down in front of his bookshelves, popped in his AirPods and logged on to a video conference with a top Goldman Sachs investment banker. Goldman had taken his connected fitness company public the year before and was hosting a virtual event so clients could learn from “builders and innovators”. Foley, a clean-cut fiftysomething who looks like he could have been born in a Patagonia gilet, retold the tale of what inspired him a decade ago to bring static bicycles and high-energy spin classes into people’s homes. He recounted the story of turning Peloton into a cultural phenomenon and himself into a billionaire in measured, practised tones. Yet Foley seemed irked when the pandemic’s impact on Peloton’s fortunes came up. Covid was not, he argued, a one-time booster shot of demand. “When I hear Peloton being a Covid story,” he continued, making air quotes around “Covid story”, “it annoys the crap out of me because what we are building is here to stay.” This may have been trademark founder optimism, but even Foley’s board of directors thought he should tone down the hype. “Last year, I was talking to our board and I was like, I see this as clear as day: this thing is going to be one of the few $1tn companies in 15 years,” he recalled. “And they said, ‘Don’t say that again. It makes you sound like an idiot.’” At that point, Wall Street was lapping up Foley’s vision. As investors punished other companies struggling to adjust to economic and supply chain shocks, “Covid-proof” Peloton — as Foley called it in an earnings call — was prospering. The company’s shares soared by more than 400 per cent that year, making it 2020’s second-best performing Nasdaq stock. The number of people paying its $39 monthly subscriptions more than doubled to 1.7mn, and sign-ups for its cheaper digital fitness pass jumped 10-fold during the pandemic’s early weeks. Numbers couldn’t capture its customers’ devotion. As Foley and his team built Peloton from a single, wobbly prototype into a global community urged on by inspirational instructors, they would describe users’ remarkable levels of engagement in terms of “customer love”. Others just called it the Church of Peloton. We now know that even as the company was soaring to a peak valuation of nearly $50bn in late 2020, it was about to endure a series of tribulations that would culminate in Foley ceding the chief executive position and laying off three in 10 employees. Over the next 16 months, it would be forced to recall products under tragic circumstances, face an activist investor’s ire over profligate spending and fumble to respond as Wall Street turned on it for missing forecast after forecast. Not to mention the repeated beatings on social media, revealing the downside of being a zeitgeist-defining brand. The parable of Peloton is a business school case study in the making. But first, as the new chief executive put it, the company has to “get real”. Foley, who declined to comment for this story, always loomed largest among Peloton’s five co-founders. He paid his way through college by working shifts at a Mars confectionery factory and, at 22, was overseeing the North American manufacturing of Skittles and Starburst. In the mid-1990s, he joined the nascent Citysearch.com before moving to IAC to run the invitations website Evite.com. But the media group was Barry Diller’s empire, not Foley’s. As he later told National Public Radio, by the age of 40, he “wanted to be big”. That didn’t happen at his next job, running Barnes & Noble’s ereader business. By then, though, Foley and his wife Jill had become hooked on the boutique fitness classes that were exploding in America’s coastal cities. There was SoulCycle, with its sweat-soaked mantras, and Flywheel, which used leader boards to drive competition among riders, among others. But their popularity meant that places in top instructors’ classes could sell out in minutes. John Foley, pictured at Peloton’s New York headquarters, is ‘the kind of person who, when you say no, is more determined to prove you wrong’, according to Uber chief executive Dara Khosrowshahi. Foley’s idea looks obvious in retrospect: beam classes straight into homes via a slick bike equipped with a giant flat screen that resembles a Bloomberg terminal. Just as gaming consoles and PCs killed arcades, gyms and studios would never be able to compete. From the start, Foley’s enthusiasm met with indifference, a pattern that would harden his conviction that scepticism should be tuned out. “John is the kind of person who, when you say no, is more determined to prove you wrong,” says Dara Khosrowshahi, the Uber chief executive who was a protégé of Diller at the same time as Foley. Foley had wanted to stream SoulCycle and Flywheel classes, but neither studio was interested. Nor were the 400 institutional investors he toured during Peloton’s first three years. When he finally hacked together a bike for a crowdfunding campaign on Kickstarter in 2013, just 178 people backed the project. Most of them were friends. It took thousands of pitches to angel investors to raise the $10mn needed to produce Peloton’s first bikes and demonstrate them in an upscale New Jersey mall. But once people could experience Foley’s vision, Peloton took off. By late 2019, it was making nearly $1bn of annual revenue, with more than half a million of the bikes — then priced at $2,245 — sold and as many buyers paying to stream classes that were turning instructors into celebrities. It still lost money, but it listed at an $8.2bn valuation, with Foley claiming that Peloton was doing nothing short of “selling happiness”. As that Christmas approached, Peloton hit a crisis that foreshadowed others to come. The company’s holiday advert seemed to show a woman pedalling furiously on her new bike to please her husband. On social media, where the brand loomed large, it was shredded for looking like a hostage video. The advertisement had been misinterpreted, Peloton insisted, but its market value dropped by $1bn. “Peloton was propelled to a much larger stage than it was ready for,” says Simeon Siegel, an analyst at BMO Capital Markets. “Companies and people make mistakes. The problem is, this company made its mistakes in front of everyone.”
buy and hold ALB and IAC
Hi. I have what could be a very interesting play. Vimeo (VMEO) IPO'd last spring, a spin-off from IAC, which has a good track record from my findings. The company has been around for years, and I've actually been a subscriber for a bit, so I know it's legit. But, it gets interesting. After bouncing around above $40 levels it's since cratered to UNDER $10 (as of this morning) on what I think is either A) heavy short selling or B) lack of retail knowledge. As well, the institutional holding is high -- https://www.webull.com/quote/nasdaq-vmeo I just watched the entire earnings call (https://investors.vimeo.com/) and for a positive cash flow company seeing 30% y/y growth for what is a huge segment. I'm just thinking we could get this up to 30+, well, you an do the math. Very little following or knowledge of this I believe, under 1K followers on Stocktwits for example. Thoughts?
Just got this from an analyst for those of you tracking PTON: > M&A Unlikely, In Our View: We believe any deal is unlikely given (i) PTON's dual class share structure, with a handful of insiders holding the vast majority of super-voting shares; (ii) co-founder / CEO Foley's long-term vision for capturing burgeoning Connected Fitness TAM is still in early innings, with expansion across verticals & geos in coming years, as well as likely higher penetration of broader home fitness market over time; and (iii) poor potential fit with reported suitors, including Amazon. > Regarding shareholder voting power, CEO Foley holds a 39.6% voting share; Pres. William Lynch (who worked with Foley at Barnes & Noble) holds a 12.3% voting share; Co-Founder / COO Tom Cortese (who worked with Foley at IAC) holds a 9.9% share; Co-Founder / Chief Legal Officer Hisao Kushi (who worked with Foley at IAC) holds an 8.1% voting share; and CFO Jill Woodworth holds a 6.8% voting share. Combined, these 5 officers control 76.7% of the vote, and we expect they are likely to continue to pursue the company's long-term strategy independently, at least for the foreseeable future
Match. IAC is a completely different company
I am confused, are you referring to MTCH or IAC? Seems like MATCH is already below 120. $MTCH is $115 with p/e 63, earning on 01/31 - 02/04 $IAC is $127 with p/e 10, earnings on 02/01 - 02/07
puts on IAC for owning people magazine and putting a curse on our queen Betty White. You heard it here first. Do your thing WSB
Well-managed value to me would be something like Italian co Exor - somewhat difficult to buy in the US as some brokerages charge a ridiculous amount (some brokers as high as $50; it would be cheaper to buy the actual foreign shares in many cases) to buy foreign ordinary shares (symbol ends in f), or you have to buy it through a brokerage that allows trading in foreign markets. That is a Berkshire-esque entity controlled by the Agnelli family (Fiat) that owns stakes in companies like Ferrari, Stellantis (formerly Fiat) and others. They've recently gone more into fashion, buying a stake in Christian Louboutin. Exor has often traded at some degree of discount to NAV. I've disliked the drugstore cos for a long time - CVS and Walgreens, but I think diversified CVS (which has already taken off nicely lately) and Walgreens are making appealing changes and focusing more on services. Walgreens has made a number of investments and picked a good new CEO in the former Starbucks CFO. Neither are going to be any sort of home run but could be decent turnaround/v2.0 stories over the next couple of years, with Walgreens needing more turning around than CVS. Target is a well-managed value name, trading about 15% off the recent highs. Deere. CME (which has four quarterly dividends and a variable "cash sweep" annual dividend every year.) JP Morgan, certainly. Schwab. Honeywell. Intercontinental Exchange (ICE) I'm not a huge fan of the automobile industry but Volkswagen pref shares are cheap enough to be interesting + possibility of Fiat/Ferrari-esque spin offs of some of their high-end brands. See also: Porsche (which Volkwagen owns a significant stake in and vice versa) has been discussed as possibly being spun out, although at this point that's a rumor. (https://www.pymnts.com/news/ipo/2021/volkswagen-considering-taking-porsche-public/) Not a value name in the traditional sense, but I think IAC (basically a Berkshire-esque entity that focuses on building internet brands and in many cases spinning them out to shareholders - basically, build, spin and start again) sitting on a lot of cash, trading at a discount (although with the nature of it it often will) and with a history of creating shareholder value seems appealing here. I don't know that I've always found all of IAC appealing (ANGI in particular), but it's a superbly managed company and given the holding company nature of it, the IAC of a few years from now may be very different from the IAC of today. IAC also occasionally makes other investments not based around brand building - see an investment in Turo, or their investment in Pinterest which they sold a while ago - from 2019: "In the fourth quarter we also sold 4.6 million shares of Pinterest. We don’t like counting our chickens, but this one’s now hatched. In aggregate, **we invested $3 million in Pinterest and returned almost $160 million to IAC**. We’re not projecting a pattern here – while we’d love to do it again, we still don’t view small minority investments at very early stage companies as a core focus of IAC. We’re continuing to hone our bets to areas where we believe we can make a meaningful difference or learn something, and we’d prefer to keep the rest in cash."
I only count 9 whose chances were taken seriously in that article. IAC isn't yet big enough for inclusion and the no-no company was cited as a long-shot due to volatility and finances. Of the 9, three are now in (MTCH, EPAM, BRO) three months later. Mind you, only 4 companies have been added in that time, and that article listed 3 of them. MTCH apparently jumped 11% in September when their inclusion was announced, while BRO was more muted. That leaves 6 others: KDP, CSGP, GGG, CPT, NDSN, FDS and I'd guess a few of these will get in within months assuming they stay big enough when the next slot opens up. That's consistent with what FactSet advertises. They straight-up put out a "Prediction Signal" of potential inclusions and have been 60% accurate (inclusion within 6 months) since 2018. That basket of stocks has apparently [doubled the S&P 500's own performance over the last two years](https://insight.factset.com/through-the-looking-glass-predicting-sp-500-constituent-changes). It seems like the S&P has created a cottage industry for would-be front-runners. It surprises me that the market wouldn't have arbitraged away this advantage, and it also surprises me that the S&P 500 continues to outperform the broader US market anyway.
if online gambling is not a great a business as hyped why the IAC investment in MGM? do you think they have the wrong idea?
Until retirement - BLK 5 - 10 years - IAC Hold 1 year (maybe more) - SOFI
I like RDW as a long term buy and hold. I'm skeptical about this announcement for a few reasons. It sounds like there will be more information coming out at IAC 2021 this week, so we should find out more. The main thing I'd look for is hard details on the funding. Who is paying for it, how much, and how quickly are the contracts to to RDW going to arrive? If this is all a private venture, then we might need to rely on a journalists with connections to find out how serious this project really is. Blue Origin has a lot of good ideas, but they have struggled to follow-through and actually execute.
It looks like Redwire would be in charge of "payload operations" as well as some deployables. I'm not seeing a whole lot of info, yet. The big question in my mind is how much $ is actually committed to the greater effort? Announcements like this can sometimes be more about declaring interests rather than really funding a program. Sounds like there is more info to come at IAC this week.
IAC is only buying part of the business. The other part is being sold as well
Why would that matter tho? Where are they gonna buy shares? I'd rather sell them now for 58 dollars then for 42. And if everybody thinks so then the price would drop or nobody would sell to IAC
SOFI. BLK. IAC. I only own those three. SOFI is my smallest position and BLK is my largest. Will likely hold these stocks for 5yrs or more. I also own VOO. This etf I will hold for decades.
After the run that the market has had, I think there's little that's genuinely "undervalued" (not "it's 5% off all time highs" or something which isn't undervalued) and if there's something that's undervalued it sort of becomes a little "what's wrong with it" or it's a "sum of the parts" story that's always been some degree of undervalued (IAC, Prosus.)
I was flirting with the idea of dumping my MTCH. I've been in since they came out of IAC. Cost per share, $8.59. I'm glad I didn't.
Depends on the situation but you can look at something like IAC, which basically builds companies and eventually spins them out as public companies. MTCH was an example of this. The Liberty companies did a ton of this until they bought Formula 1. If a company is being broken up completely, I'd suggest shareholders either get the parts/pieces as separate shares or cash if these entities are sold off.
it depends, usually its a slice though, determined by market cap etc etc the latest one i can remember is IAC spinoff Vimeo [https://www.barrons.com/articles/iac-completes-vimeo-spinoff-expect-growing-speculation-on-what-it-may-sell-next-51621954783](https://www.barrons.com/articles/iac-completes-vimeo-spinoff-expect-growing-speculation-on-what-it-may-sell-next-51621954783) IAC (ticker: IAC) holders received 1.6235 Vimeo shares (VMEO) for each IAC share they own. IAC no longer holds any Vimeo shares. Vimeo has186 million shares outstanding on a fully diluted basis, including restricted stock units and options.
I used to own it but I rolled it all back into IAC. IAC much better long term IMO
Yup, I bought IAC beforehand solely bc of Vimeo and sold for a gain. Perhaps I'll go back in but need to look into what they have
Also for clarification, Vimeo is a recent spinoff from the holding company IAC (which has a pretty descent portfolio, suggest you look into IAC after Vimeo dip).
They were spun off of IAC which has market cap of 12B, Vimeo has a market cap of like 5B, and they were not 50% of IAC. It’s got potential but it requires the world develops in a certain direction to be worth its valuation. If you compared it to youtube, it was a growth company, but it was growth in an inevitable industry. Vimeo on the other hand is a growth company, but it requires that corporations put their training videos, ceo messages etc on their Vimeo. To me it’s a professional YouTube and it requires more conferences to be uploaded onto Vimeo.
I've used it before and liked it first hand, also had bought IAC bc of them solely and made a nice profit with them before the split off. I just think they have a huge marketshare over the video services for businesses that no one else is tapping into (YT and Vimeo are totally separate and barely even competitors). A lot of the reason for the initial sell off (pre earnings) was bc people didnt even know what it was and just sold it lol.
In theory you can switch easier.... if you designed your infrastructure pipeline / IAC to be provider independent via tools like terraform, but not enough companies do this, and even with terraform or something similar it still takes an enormous amount of effort to switch platforms when you're at the scale of a medium to large company. Maybe not quite as much work as moving from on prem to cloud but absolutely a massive undertaking regardless.
Holdings Security Title Post Shares EXPE / Expedia Group Inc Director 1,412 IAC / IAC/Interactivecorp Director 1,646 CLOV / Clover Health Investments Corp Director 38,392 MTCH / Match Group Inc Director 0
About a week ago, I created two Yahoo Finance portfolios that mirror the stonk holdings of Citadel and Melvin. I wanted to see if they had to rapidly sell something to cover their short positions... The results are interesting. The stock market overall had a flat week, usually in the 0.1%-0.6% range. Despite that, some of their stonks would fall by 4-5% even while most everything else stayed flat (or up/down by 1%). I've loaded up on some of those stonks that fell for no apparent reason. Once they swing up by, say, 5%, I'll unload them. They are: ADSK, IAA, IAC, and LVS. I know a 5% gain isn't much, but I don't see a good entry point on any of the big meme stonks right now: I'm pretty sure they'll keep falling for a few more days, perhaps with an occasional dead cat bounce here and there. I've also bought quite a few shares of BBBY because it's ridiculously over-shorted. :) So, tomorrow I'll keep HODLing and then sell the winners. :\^D
Why not just buy IAC? They are at big discount right now
It's perfectly normal for funds to take large positions in private companies, spin them off as public companies later and sell some, if not all of their position. For example, this is IAC's entire business model. IAC liquidating their stake doesn't make MTCH a shit company. Again before you go off writing a long reply on how PLBY is overvalued and accuse me of pumping, I think it's overvalued too, i just also happen to think your comments are baseless and stupid.
I bought an IAC June put yesterday. It's a little fucky because I can't really sell it, huge B/A spread until expiry. But it counts for new IAC and VMEO shares: 100 IAC + 162 VMEO. See the memo: [https://infomemo.theocc.com/infomemo/search](https://infomemo.theocc.com/infomemo/search) So I bought the put and hedged with IAC shares. Hoping that IAC stays flat or goes up, and VMEO continues to sink. Just an idea in case you want to take the risk having a nonstandard option, in future situations like this
Already own 129 Shares I got for free from owning IAC. May it go to the 🌝
$VMEO listed today. It’s the HQ YouTube, video tool content tech focused on enterprise/business. Nice drop after the launch due to existing IAC shareholders unloading for a profit. Now Vimeo will be long term⤴️🟡
I'm not exactly sure if there's some kind of split involved but IAC did some spinoff of Vimeo and their stock is showing down like 35%? O\_o
That would make sense, although Vimeo isn’t a SPAC. IAC spins off companies through direct listings, but there Have been a shit ton of tech companies going public in one form or another recently
It's crazy that I can't find any discussion surrounding IAC. They're spinning off a second company tomorrow, less than a year after Match
IAC wants to spin off Vimeo. Vimeo doesn't even have thumbnail previews if you hover over the video progress bar 😒
Buying "ANGI" stock down 25% this week on nothing. Large short position, and company is majority owned buy IAC and 1 top institutional owner. Stock goes back to $17 next week. Also, buying VIAC below the $48 dollar print price.
IAC, what is u doin baby
aka where you ran away from after IAC exposed you
I can't make a post but Playboy has recently hired two important employees: **"Mr. Barton** joins PLBY Group from **Match Group**, where he served as head of Corporate Development and Investor Relations. He joined Match Group from IAC in 2014, and helped lead a period of substantial growth at Match Group, including a 1300% increase in Match **"Mr. Beuting** joins PLBY Group from Fandango (he used to be a VP), **Ticketing and Video on Demand businesses"** Maybe they want to go after Onlyfans, since 90% Playboy revenue comes from clothes and sex toys and these people are clearly not planning to do that. The stock has been pumping hard lately, maybe someone knows something?
IAC valve, easy-ish fix. Source - I worked as a mechanic at a Toyota dealership a long time ago, also GME 💎🙌🏻💎