Yelp, Inc. (NYSE:YELP)

TMFBlacknGold (99.39) Submitted: 9/26/2012 10:17:41 PM : Start Price: $23.10 YELP Score: +17.31

Still not making, although plenty of people will applaud their first quarterly profit and point to it as a sign of better things to come. Think of it like this: Yelp is miles from making $10 million of net income in a 12 month period. Even if that were ever to happen would the company command a market cap anywhere near $1 billion? This valuation just defies logic.