Angie’s List has only the 2.8-fold revenues of Local Corp, but with 796 million the 21-fold market-cap of the idiotic low 37.2 million of Local Corp. Such a divergence will never lasten. Local Corp has a positive Adjusted EBITDA of 1.3 million – Angie’s List an Adjusted EBITDA loss of 11.3 million.
Local Corp., the company that connects consumers with all local businesses, today announced financial results for the third quarter ended September 30, 2013
• Sequential revenue growth up 4% to $23.5 million in Q3-13 from $22.7 million in Q2-13.
• Adjusted EBITDA up 12% to $1.3 million in Q3-13 from $1.2 million in Q2-13.
Angie’s List that for its third quarter it lost $13.5 million, or 23 cents a share, on revenue of $65.5 million, compared to a loss of $18.5 million, or 32 cents a share, on $42 million in sales in the same period a year ago. Adjusted EBITDA for the third quarter was 11.3 million.
run back up yesterday. Set-up for a nice move tomorrow especially if the markets and the Fed accommodate
$1080 - $1085 if all work together on Weds.
Look for a late day mini run-up to $1075 - $1077 with the set-up we have going on this afternoon.
If they hold off on tapering till the new year, then we will be up and could be over $1100 by Friday, otherwise Monday.
I still think this has a 1095 close on Friday - do you have a bias - Up or down ? after the Fed decision tomorrow.
Options auto sell. Does it all the time...