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Yelp's (YELP +16.9%) Q2 beat and guidance hike is yielding a mixed reaction in some circles, as...

Yelp's (YELP +16.9%) Q2 beat and guidance hike is yielding a mixed reaction in some circles, as praise for the company's numbers is tempered by concern over its valuation. Raymond James (Market Perform) points out Yelp is now trading at ~60x estimated 2013 EBITDA, and a giant share lock-up expiration is arriving at month's end. Citi, Goldman, and Oppenheimer are also reiterating neutral stances. (previous) (transcript)
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  • corte33
    , contributor
    Comments (78) | Send Message
     
    Many traders will get burned on this dog.
    2 Aug 2012, 06:24 PM Reply Like
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