Angie's List Inc NASDAQ : ANGI Correlation Histogram
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 2,830 NASDAQ Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks
At Angi current market cap the evaluation of Angie Home advisor is around $5.5 billions. The market cap of IAC is $8.5 billions. Either IAC is way undervalued or angi is way overvalued.
need to see a pullback in this.
Where's smoke there's fire...lawsuits forthcoming
IAC is very clever. I believe they will issue shares one for one if ANGI with what ever value the ANGI shares are trading at plus a differential for the other business. By stating it this way basically traders can price the stock as high as they choose, thus all these law suits are almost mute because anyone could now sell at 25 - xx percent above the $8.50 charge. The question is how much kahunas do the buyers have at these prices that the new stock will hold any of these prices - this is ridiculous, will result in big losses for buyers, but I must admit is quite clever.
INVESTOR ALERT: Brower Piven Commences an Investigation into the Proposed Sale of Angie's List, Inc. and Encourages Investors to Contact the Firm for Additional Information
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary dut
OK, as a shareholder you get $8.50 or shares in the new entity which ANGI is like only 10%?
So basically, I would get ~ $8.50 "worth" of new stock if I don't take the cash.
... but when is that stock calculated, ie what date is it calculated on?
If it's based on IAC close on Monday then it's already up.
... if another date may not be as good a deal?
Wow, people are paying about two dollars extra just to own some Angie at $8.50.
I laughed my #$%$ off when this #$%$ was at 14.00
It is amusing that investors are hoping for more money on the merger. The stock is trading at more than 120 x book value and a PE of over 500. It is the IAC shareholders that should refuse the deal at $8.50 a share. Strange world of valuation we live in today.