Founded in 2017, Vivian Health has grown into the nation's leading healthcare talent marketplace, supporting 2.7 million clinicians with millions of job listings nationwide, and facilitating more than $1.5 billion in healthcare labor spend annually. "I am honored to step into the CEO role at such a defining moment for Vivian," said Bill Kong, CEO of Vivian Health. "We have a world-class team, a business model that has recently achieved profitability, and a new suite of rapidly growing AI products gaining tr ...

Core Insights - Longleaf Partners Fund reported a return of 3.35% in Q4 2025, outperforming the S&P 500's 2.66% but underperforming the Russell 1000 Value Index's 3.81% return, indicating a challenging year without standout performers [1] - The firm emphasizes strengthening portfolio outcomes over chasing short-term winners, suggesting a strategy focused on real companies during periods of excessive speculation [1] Company Highlights - IAC Inc. (NASDAQ:IAC) is highlighted as a leading media and internet company, with a one-month return of -3.167% and a 52-week gain of 13.37%, closing at $39.51 per share with a market capitalization of $3.167 billion on January 16, 2026 [2] - IAC's strategy includes disposing of all assets except for People Inc. and a 25% stake in MGM Resorts, with plans for share repurchase and increasing its stake in MGM to address valuation disconnects [3] - The spinoff of Angi, a home services marketplace, was a significant move for IAC, with the firm purchasing more shares post-spin at a depressed price, indicating confidence in Angi's turnaround [3] Industry Context - MGM Resorts faced a weaker performance in Las Vegas in 2025 due to tough comparisons from previous years, but strong results from BetMGM and regional properties helped stabilize the business [3] - The market narrative suggests that Las Vegas has peaked, but both IAC and MGM believe that the unique appeal of Las Vegas cannot be replicated, positioning MGM as a market leader [3] - MGM's management has made strategic corrections, including selling lower-quality properties at higher multiples and withdrawing from a New York City casino bid, which has allowed for significant share repurchases over the past five years [3]

Core Viewpoint - IAC is set to release its fourth quarter results on February 3, 2026, followed by a conference call on February 4, 2026, to discuss the results with key executives participating [1][2]. Group 1: Company Overview - IAC is a company that builds and acquires new products and brands, evolving from its origins nearly three decades ago into 10 independent, publicly-traded companies [3]. - The company operates with principles of financially-disciplined opportunism and is headquartered in New York City [3]. - IAC includes category-leading businesses such as People Inc. and Care.com, and holds strategic equity positions in MGM Resorts International and Turo Inc. [3].

Group 1: InterActiveCorp (IAC) Overview - InterActiveCorp (NASDAQ:IAC) is recognized as one of the best communication services stocks according to hedge funds [1] - The company is a media and internet holding entity that produces various forms of digital content, including images, videos, and illustrations, and publishes lifestyle magazines [5] Group 2: Analyst Ratings and Price Targets - Jason Helfstein of Oppenheimer assigned a Hold rating to InterActiveCorp due to valuation concerns, indicating limited growth potential, but set a target price of $45, suggesting a nearly 17% upside [1] - Jefferies analyst Brent Thill reaffirmed a Buy rating for InterActiveCorp and raised the price target from $41 to $45, reflecting confidence in the company's business fundamentals [2][4] Group 3: Market Challenges and Investment Strategy - Jefferies highlighted challenges for internet stocks in their "2026 Internet Playbook," emphasizing risks from incremental investments that could affect business margins and AI disintermediation as a headwind [3] - Despite caution in the market, the upward revision in target price for InterActiveCorp indicates a positive outlook on its fundamentals [4]

Core Insights - The article discusses how top executives from various companies have navigated crises and transformed their organizations, emphasizing the importance of adaptability and strategic decision-making in uncertain business environments [1][2]. Group 1: Executive Strategies - Ted Sarandos of Netflix made a pivotal decision to invest $100 million in original content, marking a significant shift in strategy when licensing from studios decreased [3][5]. - Danny Meyer, founder of Shake Shack, created a fund to support employees during the pandemic after laying off 95% of his staff, demonstrating a commitment to employee welfare [6][7]. - Mary Barra, CEO of General Motors, prioritized safety and transparency following a crisis involving faulty ignition switches, fostering a culture of open communication [12][14]. - Dara Khosrowshahi, CEO of Uber, focused on rebuilding trust by addressing the company's internal issues and promoting a culture of change [16][20]. - Neal Mohan, CEO of YouTube, responded to a major advertising boycott by hiring thousands of human reviewers and investing in technology to manage harmful content, establishing a balance between free expression and community guidelines [21]. - Brian Chesky, CEO of Airbnb, took decisive action during a crisis by implementing a property damage guarantee, which evolved from $50,000 to $3 million, showcasing leadership in times of adversity [22][23]. - Barry Diller, chairman of IAC and Expedia, chose to proceed with a $1 billion acquisition of Expedia despite the 9/11 crisis, believing in the resilience of the travel industry [24][27]. - Marvin Ellison, CEO of Lowe's, focused on supply chain transformation and employee investment, which allowed the company to adapt quickly during the pandemic [28][30]. Group 2: Lessons Learned - Executives emphasized the need for a culture that encourages dissent and open dialogue to foster innovation and adaptability [5][6]. - The importance of making bold decisions during critical moments was highlighted, as many leaders faced existential threats that required immediate and decisive action [3][22]. - A common theme among these leaders is the recognition that crises can present opportunities for significant change and improvement within their organizations [19][20].

Core Viewpoint - IAC Inc. is considered deeply undervalued, with a significant gap between its market capitalization and its intrinsic value based on its stake [1] Group 1: Company Analysis - The current price of IAC Inc. presents a strong buying opportunity due to its undervaluation [1] - The analysis is supported by the company's financial modeling and valuation expertise [1] Group 2: Analyst Background - The analyst has a Master's in Banking & Finance and 10 years of experience in corporate finance, M&A, and investment analysis [1] - The focus areas include real estate, renewable energy, and equity markets, indicating a diverse investment background [1]

Core Viewpoint - IAC Inc. is considered deeply undervalued, with a significant gap between its market capitalization and its intrinsic value based on its stake [1] Group 1: Company Analysis - The current price of IAC Inc. presents a strong buying opportunity due to its undervaluation [1] - The analysis is supported by the company's financial modeling and valuation expertise [1] Group 2: Analyst Background - The analyst has a Master's in Banking & Finance and 10 years of experience in corporate finance, M&A, and investment analysis [1] - The focus areas include real estate, renewable energy, and equity markets, indicating a diverse investment background [1]

Core Insights - People Inc. has announced a strategic content partnership with Meta, becoming the first lifestyle publisher to provide real-time content to Meta AI users across various categories [1][5] - The partnership includes well-known People Inc. brands such as PEOPLE, Better Homes & Gardens, Allrecipes, Food & Wine, Southern Living, Verywell Health, and InStyle [1][5] - The deal aims to enhance user experience by delivering tailored lifestyle content to Meta AI users, ensuring proper attribution and links back to People Inc. websites [2] Company Overview - People Inc. is recognized as the largest digital and print publisher in America, with over 175 million monthly users relying on its content for inspiration and decision-making [4] - The company operates more than 40 iconic brands, including PEOPLE, Food & Wine, Better Homes & Gardens, and Investopedia [4] - People Inc. is based in New York City and operates as a business unit of IAC (NASDAQ: IAC) [4] Strategic Direction - The CEO of People Inc., Neil Vogel, emphasized the importance of trusted content for future AI innovations and expressed pride in being Meta's first lifestyle content partner [3] - The partnership is part of a broader strategy to accelerate collaborations with AI leaders, following previous agreements with OpenAI and Microsoft [3]

Core Insights - The FPA Queens Road Small Cap Value Fund reported a return of 7.46% in Q3 2025, underperforming the Russell 2000 Value Index which returned 12.60% [1] - For the first three quarters of 2025, the fund achieved a return of 13.77%, outperforming the index's 9.04% [1] - The fund's investment strategy focuses on a disciplined and patient approach, expecting to perform better in down markets and lag in speculative markets [1] Company Analysis: IAC Inc. - IAC Inc. is a consumer technology conglomerate known for incubating and spinning off brands, with past spin-offs including Expedia and Match Group [3] - The company currently owns DotDash Meredith and has significant stakes in MGM Resorts International and Turo, among others [3] - IAC's stock has seen a one-month return of -2.82% and a 52-week decline of 18.26%, closing at $32.70 with a market cap of $2.621 billion on November 21, 2025 [2][3] - The market is hesitant to assign full valuation to IAC due to its current cash flow suppression for investments, with no immediate plans for asset realization [3] - Despite the market's reluctance, the asset value of IAC is believed to exceed its share price, and the company has a history of long-term value realization [3] Hedge Fund Interest - IAC Inc. was held by 46 hedge fund portfolios at the end of Q2 2025, an increase from 43 in the previous quarter [4] - While IAC is recognized for its investment potential, certain AI stocks are considered to offer greater upside potential with less downside risk [4]

Core Insights - ControlMonkey has announced support for VMware's workloads, integrating its Infrastructure as Code (IaC) automation platform to unify public cloud and on-prem VMware environments, providing a single set of controls and audit trails [2][3][6] Company Overview - ControlMonkey is positioned as the industry's first end-to-end IaC automation platform, combining AI with enterprise-grade automation to offer comprehensive cloud control, from provisioning to governance and disaster recovery [7] Product Features - The integration allows enterprises to automatically generate IaC code for VMware resources, making on-premises management as efficient as cloud management [8] - Daily backups of VMware resources are facilitated as IaC, ensuring rapid recovery from deletions or misconfigurations [8] - The platform enforces approvals, guardrails, and audit trails across both VMware and cloud environments, providing a single source of truth for risk committees [8] - ControlMonkey enables detection of drift and unmanaged resources in VMware, similar to existing capabilities in AWS, Azure, or GCP [8] - The solution supports migrations with consistent visibility and backup as workloads transition in and out of VMware [8] Market Context - The hybrid cloud model is increasingly prevalent, with enterprises requiring governance and visibility across both public cloud and VMware environments [6]