Mark Howell arrives at Angie's List frorm Ingraham Micro D. To get a picture, take a peak at the Balance Sheet of Ingrahm Micro D, and try to focus on the receivables as a percentage of the other figures and see how it strikes you. If Angie's list can do some financial wizardry, and increase their accounts receivable dramatically it will do wonders for their finances. :) This is especially relevant as Angie desparately needs to increase revenue. The best source for Angie to book revenue is to squeeze a lot more out of the vendors who they rate. If the vendors can pay with soft money, for example receivables that may not be collectable, what a good deal for all except the stockholders who will be left holding the bag in the end. I want to make it clear that I am not accusing Angie of taking kickbacks from the vendors it rates. The payments Angie takes as accounts receivable, are legal. It its legal its not a kickback. My suggestion, is that if you need the money, rather than invest in Angie List stock, put your money in starting a small installation company, and get Angie's List to extend you credit on a favorable listing. If it works you can pay Angie and if not, that is why you incorporated.
I've never seen a dog with as many fleas as this mutt. How does this #$%$ make it to IPO? Hilarious stuff by GS and Morgan Stanly. Holding 100 may 10 & 12.50 puts. can't short the #$%$ stock as nothing in inventory.