Wednesday, October 16, 2013
Angie's List: Fallen But Can It Get Back Up?
In the last month, the price for shares of Angie's List (NASDAQ: ANGI ) has absolutely collapsed. The company offers paid subscribers access to reviews of local service professionals and is under extreme pressure to show that paid memberships outweigh the free reviews on sites such as Yelp (NYSE: YELP ) .
The user review sites both came public around the start of 2012 with valuations in the general $1 billion range, but after the recent weakness in Angie's List's price the stocks have vast discrepancies making them worth another review. The recent declines in Angie's price should also be a major warning that Yelp investors should never get too comfortable. The fundamental case for either stock can shift quickly.
Read the full article here.
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