Just A Reminder
Please Don't Forget
To Donate To FR
This Quarter
Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!
Posted on 04/16/2015 6:48:15 AM PDT by SoFloFreeper
Has nobody looked at the latest financials from Angie's List (NASDAQ:ANGI)? They issued financials and a quarterly report this week that appear to be an utter catastrophe, yet the stock rose 25% from $9 to about $11.50 in response.
Angie's List runs a website with reviews of dentists and plumbers. The reviews are "crowd sourced" which means they come from actual customers who contribute to the site. Yelp.com, Wikipedia.com and YouTube are other sites that are crowd sourced. Angie's list is different from most sites of this type because they charge an annual fee.
Despite continuing losses, Angie's List management is upbeat. Angie's List CEO Bill Oesterle, as he introduces this quarter's report, says: "We are having a very good year. Third quarter was our 43rd consecutive quarter of record revenue.....
Ignore the spin from management telling us what a great company this is and how fast it's growing. This company is a complete train wreck. The problem is they are burning cash at a frightening rate. The sales pitch management has placed at the top of their press release is hugely misleading. The truth is found by reading the statistics and accounting buried in small print further down the page.
How long until they run out of cash? It's worth reading the financials in detail. The complete report is available on their website under investor relations. Let's start with the income statement, hidden near the bottom of the press release. Losses for the first 9 months of the year grew from $43 million in 2011 to $55 million in 2012. 3 months period losses increased from $17 million for third quarter 2011 to $18 million for the same period in 2012. This gives us an average monthly loss of around $6 million....
(Excerpt) Read more at m.seekingalpha.com ...
Good.
October 2012????
Personally, while quite knowledgeable and experienced at most anything I’d require of “the List” yet physically unable to do some of it, the very last thing I am going to do is pay for the privilege of finding out names of who to call to get something done.
If you add corporate political or social engineering to the mix by the principals of the company, then there is absolutely no way I would do business with them.
Well, bye.
I saw something yesterday about their ceo resigning. Probably due to the fraud lawsuit they have going against them so, yeah, I’d say they’re still a train wreck. (and no, it isn’t angie who was the ceo) Here’s a link to a story and since it’s a gannett publication you know we aren’t able to post them.
http://www.indystar.com/story/money/2015/04/15/bill-oesterle-stepping-angies-list-ceo/25810565/
http://www.freerepublic.com/focus/f-news/3279743/posts
I would never support Angie’s List after their lack of support for God-given traditional families!
maybe they need a homo wedding in their company for better luck
$30 per year for an Angie’s List membership? Whaaaa?? Who pays this?
I did one year on Angie’s list. Helped me select a good contractor for one job, but was on the fence about going for another year even after the offered me a big discount. The thing that did the trick were their commercials. Too many of them make White guys look like buffoons. No thanks.
Haven’t they been seeking tax dollars lately?
“The reviews are “crowd sourced” which means they come from actual customers who contribute to the site.”
Except it has been shown that you can have bad reviews removed if you give them a few thousand dollars.
http://performance.morningstar.com/stock/performance-return.action?t=ANGI®ion=USA&culture=en_US
Morningstar info on Angie’s List shows it is a poor performing stock.....I am sure the recently retired CEO had a golden parachute, but the company’s position against freedom of religion certainly can’t help them.
The CEO is running for Governor? Right after they were turned down on public funds?
Angies List and Yelp are both scam sites, they only allow positive ratings for those that pay for advertising on their site, there is a Class Action lawsuit in Philadelphia I believe documenting the outright FRAUD of these 2 companies, they deserve to be bankrupt and imprisoned.
I have seen plenty of bad reviews on Yelp.
More often than not - they are the best and most enjoyable reads...
Agreed. The only difference between them and the mob is that the mob used to come to your door personally to extract their ransom. AFAIK, this is racketeering and some people need to be in jail, they have outright destroyed a lot of small businesses for nothing more than a few bucks
Tripadvisor is my favorite.
My method is simple. Take all the 1 star and 5 star reviews and throw them out. Everything in between is usually very accurate. I don’t see why someone would subscribe to something like Angie’s list. Seems pretentious to me.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.