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Shares of Angie's List (ANGI -5.4%) slide after a slew of analysts pick up coverage on the...

  • Tuesday, January 3, 2012, 1:55 PM ET
    Shares of Angie's List (ANGI -5.4%) slide after a slew of analysts pick up coverage on the company. Janney initiates coverage at Buy with a $19 price target, but three other major firms start with Sector Perform or their equivalents - not too impressive, Eric Savitz writes, "given the Street’s tendency to stay bullish on their own merchandise."
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This news story has 7 comments:

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    Personally, of all the social media stocks, only ones I would touch at all would be (ANGI) and (LNKD)). I think most people here on Seeking Alpha know how accurate analysts are...
    3 Jan 2012, 02:02 PM Reply Like
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    Yeah, but ANGI has horrible numbers and was priced too rich at the IPO.
    3 Jan 2012, 02:05 PM Reply Like
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    I almost never buy at the IPO anyway, but I think Angie's has a much better chance of long term survival than Groupon and a few others. It is one I will look at if it drops under $11 or so
    3 Jan 2012, 02:37 PM Reply Like
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    How so Windsun33 ANGI has never turned a profit in over a decade and will have another huge loss this year. Its a dog that is feeding off another inet bubble. Only touch ANGI if you want a write off
    15 Feb 2012, 12:12 PM Reply Like
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    Like I noted, it would have to drop a bunch before I would consider it. Still way too high at 15'ish.
    15 Feb 2012, 01:39 PM Reply Like
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    Gotcha, I could see grabbing it in the low buck range as a high risk bet... I'd rather throw it on red or black though.

    It just hasn't shown much potential its been around forever and isn't growing.

    It's tough to get people to pay monthly for reviews they will need once or twice a year, when they can get similar reviews for free.. These reviews are not any better than what you can get off yelp, etc with a little research. Charging a paltry amount does not weed out false reviews.
    15 Feb 2012, 02:44 PM Reply Like
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    I sub'd to Angie's list once, but not going to renew once it runs out in a couple of months. It is especially weak on the health care reviews side, and as you said - quite often I can get better review info from Google and Yelp etc.
    15 Feb 2012, 03:50 PM Reply Like
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