IAC/Interactive (IAC)

(Now People Inc, PPLI-Q)  Last week, made an aggressive bid for the 80% of MGM it doesn't own. We'll see if it goes through. Still a very undervalued company, and he'd take a position today.

It It owns a number of businesses and spins out some of them to shareholders. It owns a lot of stock in MGM resorts. It also has a couple of operating businesses and smaller properties. The CEO is a very smart manager and the management team is great. It has a very clean balance sheet with cash.          Buy 12  Hold 3  Sell 0

(A Top Pick Oct 28/15. Down 5.16%.) Had expected a little more out of this because they had the Match.com IPO, a premier dating app. They still own 80%-85%. They also own Ticketmaster, Live Nation, Expedia, Home Shopping Network, etc. He got stopped out, but will get back in at some point.

Spinning off 20% of the Match.com subsidiary which could be close to $100 million worth of shares. Match.com is one of the highest grossing apps out there. The revenue growth and the profile are going to be huge. He wants to own this until year end. Dividend yield of 2.06%.