Sentiment Trading

Billionaire investor Glenn Dubin has endorsed IAC Inc. as a stock with ‘huge upside potential’, but the company’s recent stock drop and negative price-to-earnings ratio raise concerns about its ability to deliver on this promise.

IAC Inc reported a disappointing first quarter with a GAAP EPS of -$2.64, missing expectations, but its core profit showed resilience due to strength from subsidiary Dotdash Meredith.