Relying upon a four-part formula developed by NYU Professor Edward Altman known as the Altman-Z Score, Find The Company says the Angie's List brand is ranked second on a list of ten brands most likely to disappear by 2016. Only Jamba Juice, a smoothie chain, ranked higher on the list. "The business review site has offered local, consumer-curated reviews since 1995, but the two-decade run appears close to bankruptcy," Find the Company says. "Squeezed out by the likes of Yelp, Google and Amazon local, most Internet users can now find comparable reviews on other sites, without having to pay an Angie’s membership fee."
Other name brands on the list include Sears, J.C. Penny, Rosetta Stone, American Apparel, Aeoropostale, Quicksilver, Groupon and Sprint Nextel. The four-part formula based its rankings on a company's working capital, debt, earnings before interest and taxes and total liabilities. Angie's List has racked up hundreds of millions of dollars in losses over its 20-year history, failing to generate a profit during any year of its existence. The company generated a profit in the first quarter of this year only by slashing marketing expenses and deferring payment of liabilities.
Thank you so much for another excellent post. It is no surprise to AI readers and critical thinkers (but I repeat myself) that Indianapolis corporate welfare whore Angie's List is on the ropes. I am not cheering nor happy employees could lose their jobs but I am pleased that the multimillionaire politically connected Hicks and Oesterle are blocked from coming to the Marion County taxpayers another time.
ReplyDeleteThe only way Oesterle and Hick's fraud company would continue to exist would be with consistent mass injections of taxpayer money... which the many damn fools on the City Council were only too willing and ready to do.
Angie's List (NASDAQ:ANGI) has been given an average rating of “Hold” by the nineteen analysts that are presently covering the company, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.43.
ReplyDeleteIn other Angie's List news, Director Michael S. Maurer purchased 17,000 shares of the stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $5.85 per share, with a total value of $99,450.00.
A number of research firms have recently commented on ANGI. Analysts at Zacks upgraded shares of Angie's List from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research note on Wednesday, July 8th. Analysts at Topeka Capital Markets initiated coverage on shares of Angie's List in a research note on Tuesday, June 23rd. They set a “hold” rating and a $7.00 price target on the stock. Analysts at B. Riley reiterated a “neutral” rating and set a $7.00 price target on shares of Angie's List in a research note on Thursday, April 30th. Analysts at Deutsche Bank raised their price target on shares of Angie's List from $7.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd.
So, is or was Oesterle just cutting a fart before leaving the elevator? He appears to be on to screwing up other things. Will the taxpayers who were fooled ever see any of their tax dollars returned?
ReplyDeleteThe mayor of Emeryville CA today gave tech stalwart Jamba Juice (hey, they're as tech as Angie) $2.1 billion USD to turn an old schoolhouse in a blighted area of town into the company's juice-based concert venue/soccer stadium/jail complex known as Jambaland said no one ever.
ReplyDeleteThis company needs to fade away into dust!
ReplyDelete