IAC: Its 20% MGM Stake Makes The Stock A Buy

  • IAC has a strong track record of nurturing successful businesses like Angi's List and Expedia, benefiting long-term shareholders. The Meredith publishing division defies industry trends, showing resilience in the face of digital disruption in magazines. IAC's 2020-2022 acquisition of a 20% stake in MGM was a standout, value-creating move.