InterActiveCorp Shows Once Again How It Has Created So Much Value for Shareholders
After the market closed on Monday, internet conglomerate InterActiveCorp (NASDAQ: IAC) reported its first-quarter earnings. At the same time, CEO Joey Levin released a shareholder letter that outlined several things, including the progress its various businesses are making, a recent investment in one of its subsidiaries, and IAC's capital allocation plans.
A closer look at what the company reported suggests that it's making great progress. With the stock price down about 44% year to date, now could be a great time to buy some shares. Let me explain.
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Source Fool.com
