- ANGI Homeservices is an underappreciated, undervalued company trading at a significant discount to intrinsic value, public comps, and private market valuations.
- Several months after IAC's spinoff of Match Group, there still remains non-fundamental pressure on ANGI's stock price from IAC focused short sellers, and this will be alleviated in the medium term.
- Given the incredibly large and difficult-to-capture home-services market, ANGI's experienced management and ties to IAC bode well for its ability to execute on this opportunity.
For further details see:
ANGI Homeservices: A Compelling Long