Angi jumped over 25% on a relatively lackluster performance
Sales were ok but earnings slightly beat a very poor forecast number. What is the big deal ? The underwriter and early buyers are defending the stock position, that is fine that is what they should be doing but the results will have to get a lot stronger and they can not afford to pay the acquisition price for a new member at this level it is unsustainable. AApl had a much better report and a great result but they missed. PE will be about 14- 15 and an outstanding quarter when based on yoy comparison. Just goes to show how the markets can get confused over valuation. Fundamentals ultimately rule.