$IAC looks a no-brainer ugly duckling investment at this price. I guess no one cares because everyone bought it at $120 on the Vimeo spin and lost money back when there were 100-page decks on their capital allocation prowess floating around. Sentiment follows price. $MGM
$IAC (People Inc) trades at about half of NAV. If Diller is in fact putting $MGM in play, IAC could soon have $50+/share in cash that he could special dividend out (as he simplifies things at 85) plus $30-40/share in People, Turo (sale soon), NYC HQ building. IAC trades at ~$45.
Barry Diller is preparing a bid for the remaining portion of MGM Resorts he doesn’t already own at an $18 billion valuation, the New York Times reported. https://t.co/xbnwblUQ8P
Most Americans haven't heard of Tencent and would be surprised that it's top 10 global brand above McD's, Netflix, Coca-Cola, and Costco. Stock $TCEHY derated from 40x to 13x (high SDs for core biz) over the past 5 years as EPS quadrupled. Unpopular "AI loser" and stupid cheap.
@srg444 Same page. And still one of the best hedges against a weak dollar scenario. And still would rather own than any inflation protected bond.
I’m trying to just hold the damn stock and not to get too cute with it.
@leevalueroach A multi-year owner’s variant view on even a large cap seems like a real advantage again in a world where fewer and fewer large pools of capital actually have that duration. So many of the resources you’re describing are aimed at nailing the next weekly move.