You're probably familiar with online platforms such as Investopedia, Dictionary.com and the video streaming platform VImeo. You've also probably heard of popular dating sites such as Tinder. But did you know they were all owned by one NASDAQ listed parent company?
Steven Glass, Head of Research and Portfolio Manager of The Pengana International Equities Fund says InterActiv Corp is the highest conviction idea in his portfolio. In this video he runs through a 'sum of the parts' valuation for IAC. His conclusion is that the stock offers such compelling value that you'd have to pay him not to own it.
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