Professional
Added to YB: 2020-07-21
Pitch date: 2020-07-21
IAC [bullish]
IAC Inc.
-36.64%
current return
Author Info
No bio for this author
Company Info
IAC Inc., together with its subsidiaries, operates as a media and internet company worldwide. The company publishes original and engaging digital content in the form of articles, illustrations, and videos and images; and magazines related to women and lifestyle under the media platforms and formats, such as People, Entertainment Weekly, People en Español, Allrecipes, Food & Wine, Simply Recipes, Serious Eats, EatingWell, The Spruce Eats, Liquor.
Market Cap
$3.4B
Pitch Price
$70.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.40
P/E
-29.75
EV/Sales
1.73
Sector
Interactive Media and Services
Category
value
Maran Partners new position: InterActiveCorp (IAC)
IAC: Proven internet conglomerate at discount to NAV post-MTCH spin. $46/sh cash, $6.4B ANGI stake, $2B+ wholly owned biz (Vimeo, Dotdash, Care.com). Expects re-rating as investors focus on growth potential + further value creation via buybacks, spin-offs (ANGI), IPOs (Vimeo).
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