ANGI Homeservices: A Home Service Platform To Watch (NASDAQ:ANGI)

Thesis

ANGI Homeservices (ANGI) is the largest digital marketplace for home services. Although its performance has lagged expectations in recent years, we believe the recent initiatives taken in combination with ongoing catalysts could provide ANGI with a significant opportunity to capture the home services market.

Background

ANGI began as Angie’s List in 1997 as a website to review services providers. In late 2017, it was acquired by IAC (NASDAQ:IAC) (media holding company) and merged with Home Advisor to create ANGI Home Services. It also includes several smaller companies including Handy which it acquired in late 2018. ANGI enables homeowners to connect with contractors/handymen to perform the jobs needed. ANGI currently has about 200,000 service providers (SPs) and 15mm households on its platform.

To put this in perspective, there are about 120 mm households and about two million SPs in the United States. The TAM of the household services is half

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WATCH: Who is Rodion Amirov? Breaking down the Toronto Maple Leafs’ first pick and the opening round of the NHL draft

The NHL’s 2020 draft got underway Wednesday night and aside from the new virtual format and a cameo from Alex Trebek, it went mostly as expected, with a few fireworks.

The New York Rangers chose Canadian Alexis Lafrenière as the first overall pick, Quinton Byfield went second to the Los Angeles Kings, and the Toronto Maple Leafs, as reported earlier, kept theirs at No. 15. However, their pick, speedy Russian forward Rodion Amirov, may have had the Leafs fan base asking, “Who?”

In the latest episode of “Indoor Recess,” Star hockey reporter Kevin McGran and digital producer Justin Smirlies discuss the newest addition to the Leafs, Kyle Dubas’ comments on Frederik Andersen and what options Toronto has for a right-handed defenceman.

Plus, we hear a little bit of Kevin’s experience from when he covered the 2013 world juniors in Ufa, Russia, the current home of Amirov in the KHL.

You

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Swiss watch parts maker Acrotec being readied for 2021 sale – sources

FRANKFURT/ZURICH (Reuters) – Acrotec, which makes components for watchmakers including Rolex and Patek Philippe, is being readied for a sale worth up to 950 million Swiss Francs (773 million pounds) including debt by its private equity owner Castik Capital, three people close to the matter said.

Although the Swiss watch industry saw demand collapse during the COVID-19 pandemic as stores around the world closed and Chinese tourists no longer flocked to shopping hubs like Paris, sales have since recovered.

As a result, the Swiss maker of oscillating weights, escapements and shock absorbers for luxury watches is expected to launch an auction early next year, the sources told Reuters.

Castik and Rothschild ROTH.PA, which is working with it on the planned sale, declined to comment.

Acrotec, which also makes medical implants as well as high precision components for the electronics, aerospace and automotive industries, has

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Swiss watch parts maker Acrotec being readied for 2021 sale: sources

FRANKFURT/ZURICH (Reuters) – Acrotec, which makes components for watchmakers including Rolex and Patek Philippe, is being readied for a sale worth up to 950 million Swiss Francs ($1 billion) including debt by its private equity owner Castik Capital, three people close to the matter said.

Although the Swiss watch industry saw demand collapse during the COVID-19 pandemic as stores around the world closed and Chinese tourists no longer flocked to shopping hubs like Paris, sales have since recovered.

As a result, the Swiss maker of oscillating weights, escapements and shock absorbers for luxury watches is expected to launch an auction early next year, the sources told Reuters.

Castik and Rothschild ROTH.PA, which is working with it on the planned sale, declined to comment.

Acrotec, which also makes medical implants as well as high precision components for the electronics, aerospace and automotive industries, has annual

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Swiss watch parts maker Acrotec being readied for 2021 sale -sources

By Arno Schuetze and Oliver Hirt

FRANKFURT/ZURICH, Oct 5 (Reuters)Acrotec, which makes components for watchmakers including Rolex and Patek Philippe, is being readied for a sale worth up to 950 million Swiss Francs ($1 billion) including debt by its private equity owner Castik Capital, three people close to the matter said.

Although the Swiss watch industry saw demand collapse during the COVID-19 pandemic as stores around the world closed and Chinese tourists no longer flocked to shopping hubs like Paris, sales have since recovered.

As a result, the Swiss maker of oscillating weights, escapements and shock absorbers for luxury watches is expected to launch an auction early next year, the sources told Reuters.

Castik and Rothschild ROTH.PA, which is working with it on the planned sale, declined to comment.

Acrotec, which also makes medical implants as well as high precision components for the electronics, aerospace and

Read More Read more