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	Podcast:		Yet Another Value Podcast
	Episode:		A roundtable on Angi $ANGI
	Category:		Business
	Duration:		01:02:01
	Publish Date:		2021-05-12 11:00:00
	Description:		Dickson Pau, Tom Moore, and Bill Henry, three first years at Columbia Business School, discuss their investment thesis for Angi. The three pitched ANGI in the Pershing Stock Challenge (placing second!), and they go into the due diligence they did putting their investment thesis together, the potential upside they see at ANGI, and all of the different risk factors they thought about. The first Yet Another Value Podcast on ANGI: https://youtu.be/J2trsM41DTU Spring Graham and Doddsville (ANGI pitch on p. 24): https://www8.gsb.columbia.edu/valueinvesting/sites/valueinvesting/files/Graham%20%20Doddsville_Issue%2042_v8.pdf Tom's Twitter: https://twitter.com/FriarTom15 Dickson's Twitter: https://twitter.com/DicksonPau Chapters 0:00 Intro and backgrounds 2:40 Why they chose ANGI for their pitch 7:10 Dickson's DD booking ANGI projects 15:00 Takeaways from ANGI expert calls 22:20 Fixed price: the most exciting piece of ANGI 28:30 How the team views ANGI's new CEO 36:20 Why hasn't ANGI hit their merger targets? 40:40 Is ANGI's near term decline in service requests concerning? 45:50 ANGI's struggles with service providers 52:20 Competition risk 57:00 Laying out the long term case for ANGI 1:00:30 Closing thoughts
	Total Play:		0