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Angie's List, Inc. Message Board

  • flankenking flankenking Sep 1, 2012 2:58 PM Flag

    Angi is extreme overvalued: Angieslist has for example only 14% of Monthly Unique Visitors of Local Corp.

    Numbers of Angieslist: 3,394,854 Unique Visitors, 7,63% increase in July against June, 32,37% increase against last year. But the market-cap of Angieslist is with 552 million12.5-fold of the idiotic low 44 million of Local Corp. I am sure, that such a divergence will never lastening.

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    • Second quarter 2012 total revenue was $36.5 million, an increase of 74% from $21.0 million in the prior year period. Service provider revenue was the largest component of total revenue at $25.2 million and the fastest growing with a 94% growth rate. Marketing expense was up 52%, or $9.5 million, over the prior year period. Net loss was $23.4 million, with selling expense of $14.3 million and marketing expense of $27.6 million, compared to a net loss of $16.2 million with selling expense of $7.6 million and marketing expense of $18.1 million in the prior year period. Adjusted EBITDA, a non-GAAP financial measure, was a loss of $21.5 million, compared to a loss of $14.2 million in the prior year period.

    • I'm not referring to Apple's (AAPL) current valuation of $630 Billion. I'm referring to companies like Angie's List (ANGI) at $600 million. Any value investor can tell you after a glance at these two companies that Angie's List is far more expensive at almost $600 million than Apple is - at nearly a trillion. That is because "expensive" is a function of value. Apple looks fairly priced here based upon assets, cash flow, earnings, patents held, diversified business model and legitimate prospects for future growth.

      If a comparison between Apple and Angie's List seems ridiculous to the reader - you may have a propensity for logic and basic sense. Absurd as it is, the assumption that Angie's List is somehow a "tech stock" is made all over the financial media.

    • Adjusted Net Income in the four quarters of 2012 Q1/2012: - 0.01/share Q2/2012: + 0.02/share Q3/2012: flat Q4/2012: + 0.09/share And I am sure, that 0.09 per share adjusted net income will be the level for the four quarters of 2013. $0.09/quarter = 0.36 adjusted net income on yearly base = P/E of exact 5.5 if you divide share-price of $1.98 from last Friday through 0.36 adjusted net income on a yearly base.

    • angi had never a positive net income and this bad results in the last four quarters:

      Operating Income or Loss (22,930) (12,994) (5,344) (14,827)

 
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