Purchase Details

Company: IAC/InterActiveCorp
Ticker:IAC
Yahoo Beta:1.27
Industry:Internet information providers

Company Description:  InterActiveCorp (IAC) is an internet and media conglomerate composed of over 150 brands. After incorporation in 1986 under the name Silver King Broadcasting Company, Inc., the company transformed itself into a leading internet and media company by acquiring promising start-up brands and developing them into high performing business and category leaders.

Purchase Date:14 Mar 2018
Purchase Price:$162.20
  --Split Adjusted:$36.33
Shares Purchased:40
  --Split Adjusted:40
Transaction Fee:$6.95
Price Range (6 Months Prior):    
High$166.03
Date15 Mar 2018
Low$144.69
Date25 Sep 2017
S&P (Purchase Date):$2,747.33

Timing:  We bought near the six month high.
Reason:  IAC holds a controlling interest in Match Group and in ANGI Homeservices. We were interested in Match initially. Tinder, one of Match's brands, possesses sustainable competitive advantages that will expand Match Group’s market share. The upcoming generation will be highly dependent on online contact for social interaction and dating; online dating services subscribers are expected to more than double over the next five years. However, Match Group has a high short interest. We conducted a valuation of IAC and concluded that relatively, IAC is undervalued.

Total Spent:   $6,494.95