People Inc., publisher of People and numerous other publications, is a strong stock buy, Seeking Alpha advises. People Inc. now owns 66.8 million shares of
MGM, giving it a 26.8% equity stake ss. This equity is now larger than People Inc’s market capitalization. “People Incorporated’s asset disposals have strengthened the balance sheet, and,
with cautious assumptions about the digital publishing business, our NAV indicates that the company trades at an approximately 40% discount,” Seeking Alpha writes.