What am I missing here regarding Angie's List stock? (link)

[Boiler20]

How in the hell are they not being called out on their house of cards of company / stock ?

And why in the hell is Mayor Ballard gifting them (more or less) another $80 MM more or so?

This company's entire business model / service is offered for FREE from Yelp!, etc.,....

The CEO Oesterle may be a Purdue / Harvard grad, but something tells me this is a big sham.

Thoughts? Opinions? What am I missing that points to a legitimate business model going forward and even surviving the next 2 years, let alone 5, let alone cranking out any sort of on-going profit?



This post was edited on 2/18 5:51 PM by Boiler20

WTF...?

 

[beardownboiler]

Originally posted by Boiler20:
How in the hell are they not being called out on their house of cards of company / stock ?

And why in the hell is Mayor Ballard gifting them (more or less) another $80 MM more or so?

This company's entire business model / service is offered for FREE from Yelp!, etc.,....

The CEO Oesterle may be a Purdue / Harvard grad, but something tells me this is a big sham.

Thoughts? Opinions? What am I missing that points to a legitimate business model going forward and even surviving the next 2 years, let alone 5, let alone cranking out any sort of on-going profit?



This post was edited on 2/18 5:51 PM by Boiler20

Yelp!? Yelp is totally unreliable for reviews/information anymore.

 

[qazplm]

IMO it's a flawed business model

Craigslist, YELP, Facebook, even Linked-In...there are a ton of ways to link up someone who needs a product or service with someone else that don't cost money.

I think it worked for a hot minute as a higher class alternative to craigslist, but I think once additional alternatives came along, it was no longer distinguishable enough to justify the cost.

 

[S]

I won't renew my angies list for 2 reasons

1. I had several contractors tell me they have to charge extra now to offset the 10% fee they are charged to be "rated" by Angie's List and to have Deals put on there. So they are double dipping contractors and consumers.

2. They now call you to rate people you searched about and didn't even solicit quotes from. That is the death shot for me. Intrusive and rude. Had some jackass call me yesterday in the middle of a meeting about rating a service I only glanced at.

S

 

[Boiler20]

Agreed. But it was the first that came to mind.

 

[Boiler20]

Thanks for the input. More is welcomed. But can anyone explain....

Can anyone explain the following:

1.) How are they gaining this valuation.

2.) What do the analysts and institutional owners know that points to this stock / company projected to grow enough to justify the current price.

3.) Why is Indianapolis Mayor Ballard continuing to pump tax revenue dollars into this doomed company?


When Keith Busse of Steel Dynamics resigned from their Board a couple of years ago, that was about the 10th sign imo that the company was a house of cards. Busse's resignation just confirmed it further.