Spinoff Report
IAC & MTCH: +69% Return Prompts IAC Exit, Continue to Hold MTCH
IAC/InterActiveCorp. (IAC) has completed the distribution of its 80.7% stake in Match Group, Inc. (MTCH) aftermarket on June 30, 2020, resulting in the boost to MTCH's free float (which precludes a potential inclusion on the S&P 500 Index) and the continued execution of IAC's "anti-conglomerate" philosophy when it comes to its investments. We're booking our strong profits in IAC and we recommend investors to continue to hold MTCH for long-term benefits.

  • IAC Shows Limited Upside Post-Distribution / Continued "Anti-Conglomerate" Philosophy
  • +69% Adjusted Model Portfolio Return / Investors Recommended to Book Profits
  • Non-Tinder Segments Drives Next Leg of Growth for MTCH / Hold for Further Upside
  • Debt Transfer Worries Decreased Due to Strong Profitability
  • IAC Exits the Model Portfolio at the End of Today's (July 2) VWAP / MTCH Remains an MP Holding
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