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.