Angie's List, Inc. (NASDAQ:ANGI)

CAPS Rating: 1 out of 5

Results 1 - 20 of 66 : 1 2 3 4 Next »

Recs

0
Member Avatar jcarender (< 20) Submitted: 4/17/2014 1:19:29 PM : Underperform Start Price: $12.64 ANGI Score: +2.20

Angie’s List is a sham. Their main source of revenue is not from members, but from from advertising from service providers. This is in direct opposition to their unique value proposition to consumers, in which they allege that “Companies cannot pay to be on Angie’s List”. They charge both consumers and vendors for access a marketplace of ratings. Not only that, but you can get the same information for free from competitors like Google Places or Yelp, which have a much broader base of reviewers and are free.

Angie’s has a flawed business model. They spend around $75 to acquire a new customer. Annual fees are posted at $30 but they have been giving away free memberships, dropping average revenue per member to closer to $25/year.

Renewal rates are only in the range of 70%, meaning that members stick around for 3 years on average. If you spread the $75 acquisition cost over 3 years of $25 dues, Angie’s only breaks even. Not really a business there.

Angie's has serious liquidity problems. They are running out of cash, fast. Cash on hand declined from $88M in Jan 2012, to $42M in Jan 2013. Net loss was -$52M in 2012, an increase from -$49M in 2011. Their cash problem is accelerating.

How have they been able to stay in business so far? They’re borrowing. Angie’s has a ton of debt. If you looked at shareholder equity in Feb 2013, after subtracting their debts, equity was $5M.

Expect ANGI's SP to halve in the next 2 years. Bankruptcy in 4-5 years.

Recs

0
Member Avatar iPittytheFool (80.54) Submitted: 4/17/2014 12:59:55 PM : Underperform Start Price: $12.57 ANGI Score: +1.69

I had an idea to make a site like this about a year before this came out only the site I thought up would have included places you worked at. Meaning you could rate past jobs and it could track turn over rates for companies. But while thinking about it I realized that it wouldn't generate cash and therefore could become corrupt someday by fasle reviews by companies paying off people to write false reviews and lack of money to pay people to scan through the site to take false reviews down. Basically craigslists problem.

Recs

0
Member Avatar rustianowski (43.30) Submitted: 4/17/2014 11:31:30 AM : Underperform Start Price: $12.46 ANGI Score: +0.99

don;t know anyone who uses this, and I don;t know anyone who wants to try this

Recs

0
Member Avatar pchop123 (78.31) Submitted: 4/15/2014 1:26:58 PM : Underperform Start Price: $11.98 ANGI Score: -0.82

doubtful they should even be on the exchange

Recs

0
Member Avatar AnsgarJohn (99.08) Submitted: 4/10/2014 8:58:34 AM : Underperform Start Price: $12.61 ANGI Score: +1.69

Angie´s List± Sales going up and 1% cash flow. End ASAP.

Recs

0
Member Avatar Undebtedly (30.67) Submitted: 3/28/2014 1:49:05 PM : Underperform Start Price: $11.98 ANGI Score: -2.73

I actually think this is not a bad concept. I was a customer, and they have good customer service.

However, I never got any valuable information from them, despite being in a metropolitan area. I've been a homeowner for years and already know more about who is recommended than Angie's List does. They kept filling up my email with ads and specials, and I finally canceled out of frustration.

They're losing money. In fact, they don't appear to ever have made money. Insiders are selling. They just put in a new 12-month low despite the general bounce in the market today.

I suspect this company won't survive five years.

Recs

0
Member Avatar MrMighty (23.50) Submitted: 3/6/2014 9:49:11 AM : Underperform Start Price: $13.85 ANGI Score: +9.71

Angie's list faces the same problem camera manufacturers face now that everyone has a smartphone - services like Yelp cover a wide range of reviews for free while Angie's list provides reviews for a subset of businesses for a price.

Offering a better service (and I believe they do) isn't going to matter when most people's needs are met by free services. In the long run, there won't be enough of a base of clients willing to pay for the extras.

Recs

0
Member Avatar WPThatcher (59.24) Submitted: 2/15/2014 6:30:08 PM : Underperform Start Price: $14.86 ANGI Score: +18.09

No profits, increased marketing costs, increased competition.

Recs

0
Member Avatar NHWeston102 (81.52) Submitted: 11/1/2013 9:48:27 AM : Underperform Start Price: $14.19 ANGI Score: +18.67

Short term, they'll get a bounce or two but I just do not understand how they make money over time to the point where they grow. I also see potential lawsuits as evaluated businesses and individuals react to comments they find unfair. Now they are cutting prices on a service people just don't seem to want.

Recs

0
Member Avatar tab66 (< 20) Submitted: 10/28/2013 5:20:53 PM : Outperform Start Price: $14.41 ANGI Score: -19.82

Way too beaten down. Expect this to add 50% by the end of 2014

Recs

0
Member Avatar getrichdietrying (80.89) Submitted: 9/25/2013 1:41:32 PM : Underperform Start Price: $23.42 ANGI Score: +57.50

?

Recs

0
Member Avatar djclousing (< 20) Submitted: 9/8/2013 3:29:24 PM : Underperform Start Price: $21.00 ANGI Score: +53.17

Oversold

Recs

1
Member Avatar 80brown (99.85) Submitted: 8/2/2013 3:34:32 PM : Underperform Start Price: $25.74 ANGI Score: +67.30

I found this company while doing a screen to research potential opportunities to short. In the end I selected a different company to short in my own portfolio, but the fact this one remained as long as it did while researching and eliminating possibilities speaks volumes for how it will do in the long run. And in comparison to the S&P 500? Underperform - easy call.

Recs

2
Member Avatar FundamentalFrank (81.32) Submitted: 7/26/2013 9:25:30 AM : Underperform Start Price: $23.73 ANGI Score: +58.76

Totally overvalued. Huge marketing cost. Rising competitiors. Bad customer value.

Recs

0
Member Avatar kevxzzz (< 20) Submitted: 7/11/2013 10:16:38 AM : Underperform Start Price: $24.98 ANGI Score: +62.35

Angies List was a great idea initially, to charge consumers reviews of local contractors and such. But lately, as competitors have started to pop up, it has become somewhat of an extortion scheme of the unsuspecting. Expect this company to continue under performing.

Recs

1
Member Avatar pigsfeet007 (95.45) Submitted: 7/11/2013 2:32:42 AM : Underperform Start Price: $24.46 ANGI Score: +61.07

The smart money loves ANGI. I am a young investor with little funds IRL to invest, but this stock is the poster child of ridiculousness. If I could afford to short a stock, this would be the one. I will not bore you with numbers as Cirtron has that covered. I will not bother you with fantasy EBIDA , which the news seems to mention. Nor will I bore you with regurgitated facts from the slanted, interested, articles that Seeking Alpha spins.

Angies List reminds me of AOL when folks no longer needed their services. Remember: not too long ago when the internet arrived, AOL held subscribers email addresses hostage for fees. What did AOL do before they bled poor Ted dry? Well, they started ripping off their enormous consumer base. Folks, we are witnessing this happening with ANGI right now. Need evidence other than the hundreds of legitimate reviews from paying members, well just take a look at the insider trading. SELL SELL SELL

In the same vein, ANGI is lowering subscriber rates in order to feed the service provider advertising from contractors. Which incidentally as a group, probably do not notice the recurring fees to the detail as a prudent consumer. I urge you to conduct a Google search for "contractor (your city)". I doubt that you will see Angie. The days of Google search manipulation propping up this company is over.

ANGIES LIST IS THE ONLY POPULAR REVIEW SERVICE THAT I KNOW OF THAT DOES NOT LIST ATTORNEYS. I WONDER WHY?

Recs

0
Member Avatar crashandburn45 (45.53) Submitted: 7/3/2013 9:37:19 PM : Underperform Start Price: $28.00 ANGI Score: +70.62

Another BBB style extortion scheme. No Thanks

Recs

2
Member Avatar toshimelonhead (67.38) Submitted: 6/11/2013 11:39:13 PM : Underperform Start Price: $25.97 ANGI Score: +65.95

Can't believe this is an actual company.

Recs

0
Member Avatar roberttsf (97.94) Submitted: 5/13/2013 6:13:30 PM : Underperform Start Price: $23.97 ANGI Score: +62.36

LarryRicardo red thumbed this and it's plenty good for me.

Recs

0
Member Avatar whatthuh (54.42) Submitted: 5/7/2013 4:27:10 PM : Underperform Start Price: $10.61 ANGI Score: +12.57

How does this stock continue to rise? I can't figure out any viable, sustainable business model for this company and yet it has more than doubled since I gave it a thumbs down. Who can tell in this crazy game...

Results 1 - 20 of 66 : 1 2 3 4 Next »

Featured Broker Partners


Advertisement