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The Wendy's Company Message Board

hyestar58 12 posts  |  Last Activity: Jul 13, 2014 10:59 AM Member since: Aug 3, 1998
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  • Customer review website Angie's List ANGI -1.13% (ANGI) is playing investors, and even its own customers, for fools. Angie’s List charges members for a service that sites like Yelp YELP -0.41% (YELP) and the Better Business Bureau offer for free.

    If ANGI can’t provide more accurate and impartial ratings, consumers have no reason to pay for their service. I am not sure that consumers will use ANGI’s ratings at all in the not-too-distant future. I am convinced the stock price implies usage and payment for usage that is far from realistic.

    Reviews or Advertisements?

    Angie’s List refers to itself as a “consumer-driven organization”, but a quick look at its revenue breakdown reveals that is far from the truth. In 2012, 69% of ANGI’s revenue came from advertisers. Figure 1 shows how advertisers have steadily become more important, and consumers less important, to ANGI’s business.
    The company can try to claim that these advertisers don’t have any say in reviews, but there is quite a bit of evidence to the contrary. The NBC affiliate channel 12 in Richmond, Va., did a little digging into Angie’s List and found that lower rated companies can bump themselves up to the top of search results by paying extra money. In one case, the top rated heating & air company showed up 12th on a list of search results because they wouldn’t pay the $12,000 to $15,000 required to move up the list.

    Customers are taking notice of these misleading practices. For a company that offers customer reviews, ANGI has plenty of bad reviews of its own. A small sample of these bad reviews can be found here, here, and here. Even service providers have issues with ANGI. With all these complaints, it’s hard to see how ANGI can keep convincing consumers to pay for a service they can get elsewhere for free.

    Where Are the Profits?

    ANGI has been in business for 18 years, and it has never made a profit. Despite growing revenue by 73% in 2012, operating loss (NOPAT) actually increased from $44 million to $50 million. The company is wholly reliant on debt and equity to finance its operations.

    With less than 5 million unique visitors a month—Yelp gets over 25 million—ANGI relies on being able to squeeze as much money out of its members as possible. Unfortunately, competitive pressures have made that strategy difficult to carry out. From 2009 to 2012, ANGI’s revenue per member decreased from ~$50 to ~$25. Customers are becoming less willing to pay a lot for a service they can get for free. Pretty soon, they may not be wiling to pay at all.


    ANGI would be dangerous at any price given its complete lack of profitability and shaky business model. However, the stock has been swept up in the social media bubble and has risen nearly 120% over the past year. It has gone from being just a bad company to being a dangerously overvalued stock also.

    For ANGI to justify its valuation of ~$21/share, it would need to grow revenue by 25% compounded annually for 15 years and achieve return on invested capital (ROIC) of nearly 40%. Google GOOG +1.39% (GOOG) earned an ROIC of 34% in 2012. Note that less than 4% of S&P 500 companies have an ROIC higher than 40%.

    ANGI has a long way to go to reach breakeven. A valuation that implies it will become nearly as efficient and profitable as Google while also growing at 25% for 15 years should be a huge red flag for investors.

    Sentiment: Strong Sell

  • This is one #$%$ company. why pay when you can get the same services for free. get out now while you can. this is about to take a dive. all hands on deck !

    Sentiment: Strong Sell

  • 10-Jul-2014

    Regulation FD Disclosure, Financial Statements and Exhibits

    Item 7.01 Regulation FD Disclosure.
    As previously reported, on March 19, 2012, WMI Holdings Corp. (formerly known as Washington Mutual, Inc. (the "Company")) issued $110 million aggregate principal amount of its 13% Senior First Lien Notes due 2030 (the "First Lien Notes") under an indenture, dated as of March 19, 2012 (the "First Lien Indenture"), between the Company and Wilmington Trust, National Association, as Trustee. Additionally, the Company issued $20 million aggregate principal amount of its 13% Senior Second Lien Notes due 2030 (the "Second Lien Notes" and, together with the First Lien Notes, the "Runoff Notes") under an indenture, dated as of March 19, 2012 (the "Second Lien Indenture" and, together with the First Lien Indenture, the "Indentures"), between the Company and Law Debenture Trust Company of New York, as Trustee. Under the Indentures, the Company is required to provide, to the holders of the Runoff Notes, unaudited monthly financial statements with respect to WM Mortgage Reinsurance Company, Inc., the Company's subsidiary. The unaudited financial statements for WM Mortgage Reinsurance Company, Inc., as of and for the period ended May 31, 2014, are attached to this Form 8-K as Exhibit 99.1.

  • opk acting very strange to the up side !!!

  • hyestar58 by hyestar58 Jul 9, 2014 1:25 PM Flag

    OPKO's Long-Acting Clotting Factor VIIa-CTP Receives Positive Opinion For Three Orphan Drug Designations in Europe

  • B. Riley upgraded its rating on shares of Groupon (GRPN) to Buy saying the company is entering a period of easier year-over-year comparisons while operational improvements should drive organic growth and margin expansion. The firm raised its price target for shares to $9.50 from $6.

    Sentiment: Strong Buy

  • hyestar58 by hyestar58 Jun 26, 2014 2:20 PM Flag

    Groupon (NASDAQ: GRPN ) has been trending higher over the past several days, and for good reason. An analyst upgrade, coupled with acquisition action in the space, has focused the limelight on Groupon, and the final investment verdict might be more favorable for Groupon than most investors realize. Here are three reasons why Groupon can trade significantly higher over the next 12-24 months and outperform the general market.

    Reason No. 1
    Piper Jaffray's Gene Munster reiterated his overweight rating for Groupon with a $16 price target, saying that Piper Jaffray's proprietary deal-tracking system showed that the number of deals available on Groupon has steadily increased since October 13, when the firm began this analysis.

    Furthermore, Munster said that the findings are a "confirmation of the longer term trend of Groupon increasing its deal density, which moves the company closer to its goal of building the leading local deal marketplace. This is different than Groupon's historical push-email business, moving toward a pull model driven by consumer demand."

    Munster also said that, in its most recent quarter, Groupon reported 200,000 daily deals on the network, up from 140,000 in December. The company also expects that this number will increase to 500,000 daily deals globally in 3-4 years, suggesting a 30% incremental growth in deals for the next several years.

    One reason Groupon has underperformed so much over the past several years is because it cannot make money. Assuming that Piper Jaffray's call is correct pertaining to deal growth, Groupon should be making good money, and the target price of $16 per share is entirely possible (if not easily obtainable).

    Reason No. 2
    OpenTable's (NASDAQ: OPEN ) acquisition by Priceline (NASDAQ: PCLN ) sparked a rally in companies providing deals, reviews, food delivery, and anything app or Internet-related, like Grubhub.

    Again, this was for good reason; if Priceline was willing to pay 12 times revenue and 14 times book value for OpenTable, then what are other related companies in the space worth?

    Sources told DealReporter that OpenTable talked with other bidders beside Priceline before accepting the $2.6 billion bid. Was there a secret bidding war for OpenTable under our noses? The 12-times-revenue price paid implies that there was.

    Is there some kind of buyout frenzy in the social and deal space going on here? If so, then anything goes, including another attempt by Google to take over Groupon, as it already attempted in the past.

    Irrespective if there was a bidding war or not, the truth of the matter is that the OpenTable deal should increase the value of all other related stocks, Groupon (among others) included.

    Reason No. 3
    In my last take on Groupon, I said that Groupon might be the best-valued stock in the social space. Coupled with the fact that shares trade at a price-to-sales ratio of 1 -- based on analyst estimates for Groupon's revenue in 2015 -- if the company can become only slightly profitable, trading at Piper Jaffray's price target of $16 per share could be considered cheap, compared to what Priceline paid for OpenTable.

    Sentiment: Strong Buy

  • Volume blowing open. Big announcement on merger monday! Get in now . Thats why all the shorts are blowing smoke. They want your shares. so hope along the grpn train.!

    Sentiment: Strong Buy

  • Piper Jaffray says its proprietary deal tracking has showed the number of deals available on Groupon is steadily increasing. Piper believes Groupon's turnaround continues and it remains a buyer of the stock with an Overweight rating and $16 price target.

    Sentiment: Strong Buy

  • Reply to


    by camaro4meandyou Jun 12, 2014 4:13 PM
    hyestar58 hyestar58 Jun 13, 2014 6:39 AM Flag

    What shorts????? there are no shorts on this stock. its a gamble. thats all your nothing but an informed pumper and hoping for something that might not ever be realized. SO THERE WILL BE NO SHORT COVERING.what an idiot. oye vey

  • Reply to

    2.8 million AH trade

    by silentcinder May 28, 2014 5:19 PM
    hyestar58 hyestar58 May 28, 2014 8:33 PM Flag

    GRPN $ 6.10 0.01 ▲ 0.16% 3,145,761


    OPKO Health, Inc. (OPK), a multi-national biopharmaceutical and diagnostics company, today reported that Senesco Technologies, Inc. (“Senesco”) (SNTI), completed its acquisition of Fabrus, Inc. (“Fabrus”), an OPKO portfolio company focused on expanding the clinical impact of antibodies by addressing drug targets resistant to traditional antibody discovery methods.

    Fabrus has been successful in generating antibodies against difficult, therapeutically important cell surface receptors and ion channels resulting in an internal pipeline that includes next generation antibodies targeting cancer and inflammation. It also has collaborations in place with large pharma and biotech companies to discover antibodies to their targets. Dr. Vaughn V. Smider, founder of Fabrus and faculty member at The Scripps Research Institute in La Jolla, CA, will become acting CEO of Senesco.

    In the short term, the business focus of the combined company will be to realize the synergies of the combination, advancing the SNS01-T clinical program and bringing new candidates into clinical development in the next two years.

    Sentiment: Strong Buy

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