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Angie's List, Inc. Message Board

  • fabricone1 fabricone1 Oct 18, 2012 1:01 PM Flag

    Update on ANGI value per share

    As of this am the value per share for ANGI is 0.96. Under 1.00 wow ! Market forces are negative , stock to break below $9 soon. Could pick up acceleration downward with any negative news. It is not likely that the company will issue any good news for quite sometime. Costs are up and cash is burning. No real value play here with negative cash flow and frankly they do not have enough cash to feel that comfortable with current results. I look for some kind of activism from management but without increasing the ad spend I do not see revenue growth to be sustainable over the long term. Marketing costs are too high and margins are not high enough to convert the sales increase to a profit. if the lawsuit is successful on a class action basis things could get grim. if they prevail attorneys fees will be very high but worth it. I just don't know how their clients will regain trust in them. This business is really built around the trust principal. If that is damaged it will hurt the business and this one is too young to absorb a major confidence breach. I look for this stock to trade closer to value than the current level. Good luck. I hope you are not long here. It looks like the search for the top 10 stocks to short $10 was dead on.Good data base and tools at vectoor vest.

    Sentiment: Strong Sell

 
ANGI
9.52+0.36(+3.93%)Feb 11 4:00 PMEST