ANGI: Still Working to Fix the Price
This note is a follow-up to our recent long idea on ANGI Homeservices. The quarter was mostly supportive of our long thesis.Best Working Thesis:...
466 Views
Match: Tinder Burning
This note is a followup to our recent short call on Match Group Inc (MTCH US) ahead of 4Q19’s earnings. The quarter was highly supportive of our...
629 Views
IAC: 1+1 Is Supposed to Equal 2.
We have been examining the IAC/InterActiveCorp (IAC US) complex. Our headline take is we like ANGI ANGI Homeservices (ANGI US) and IAC as longs,...
601 Views
Fangdd Network IPO Valuation: High-Cost Housing
FangDD (DUO US) is the largest online real estate marketplace in China, as measured by the number of registered agents in its marketplace as of 31...
537 Views
PropertyGuru IPO: Website Traffic Analysis Undermines Premium Rating
PropertyGuru (PGU AH) is an online property classifieds marketplace with presence in five countries across South East Asia – Singapore, Vietnam,...
723 Views