The Bottom Fishing Club: Angi Might Be A Recession Winner

2025-04-20 02:01:39 ET

Summary

• Angi Inc. (formerly Angie's List) is a leading web-based home repair/maintenance service platform, now a deep value play in April.
• Due to the combination of 2024-25's sell-off on lagging operations and the mechanical liquidation caused by IAC's March 31st position spin-off, a unique opportunity has opened for savvy investors.
• Shares are incredibly cheap, while demand for low-cost home services could rise in a recession to the benefit of Angi's scalable online business model.
• Wall Street analysts expect a turnaround in 2025-27, with Angi's valuation sitting at its lowest level since the 2011 IPO, making it an attractive buy candidate.

Angi Inc. ( ANGI ) runs the leading handyman, construction landscaper, home service technician and repair helper websites that link craftsmen/women with consumers looking for experienced experts in their local area. Formerly known as Angie's List , the company makes revenue off fees for online searches and customer lead creation between the two groups (largely from its Angi and HomeAdvisor websites). Advertising revenue from its various online assets provides another source of sales/income....

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