Angie's List (ANGI -7%) gradually sold off to make new post-IPO lows - shares are now down 32%...

|About: Angie's List, Inc. (ANGI)|By:, SA News Editor

Angie's List (ANGI -7%) gradually sold off to make new post-IPO lows - shares are now down 32% since a lockup expiration ended on Aug. 14. Barrington Research started coverage on the reviews site with a Market Perform. The firm is a fan of Angie's track record, revenue visibility, service differentiation, operating leverage, and potential to raise ad prices, but is worried the company could be "forced into premature profitability" due to cash burn, something that could hinder growth.