IAC is a bargain waiting to be found, Barron’s says

IAC, an undervalued stock, is almost always a sum-of-the-parts story, and the math seems too compelling, Eric J. Savitz writes in this week’s edition of Barron’s. IAC is an unusual amalgam of private-equity shop, venture firm, and mutual fund. Add everything up – using the mid-range of estimates – and you get a sum-of-the-parts value of $5.9B for IAC, a substantial premium to the company’s $4.8B market cap, the author argues.