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Mioracle

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  • Angie's List up 8.2% on insider buys [View news story]
    smells like a takeunder. if you bought at 25 per share you are so out of luck
    Jan 21, 2015. 11:07 AM | Likes Like |Link to Comment
  • Angie's List At $5: Poised For A Buyout, A Short-Squeeze And A January Effect Rally [View article]
    Private equity vultures is my guess. Because they can then sell the company piecemeal and profit off their brand, stale though it may be
    Dec 15, 2014. 07:45 PM | Likes Like |Link to Comment
  • Angie's List At $5: Poised For A Buyout, A Short-Squeeze And A January Effect Rally [View article]
    I am very puzzled why the author would call the balance sheet on this company 'solid' when it has negative equity, which means precisely the opposite of having the financial resilience to navigate the ups and downs of a very volatile business

    Similarly, the reviews of their mobile app have not exactly been positive. It is puzzling why they put one out that you can't write a review with. Isn't that their sort of core function?

    A takeunder of the company at 7-8/share does seem feasible....but that doesn't provide a good risk/reward in my view; the money will be made by the private equity takeover Masters because they will eventually seel the company in whole or in pieces back to the same gullible investing public who bought at 20/share
    Dec 15, 2014. 05:03 PM | 3 Likes Like |Link to Comment
  • How Could They? [View article]
    Well that's just it...there is little to no inflation because there never has been a debt 'crisis' in the country which ahs the worlds reserve currency and can manage it itself. Read serious economists if you want actual data; it is the discreditited moneymen out there - like the author of this confused rambling - that is creating a fact free alterate reality
    Dec 8, 2014. 10:50 AM | Likes Like |Link to Comment
  • How Could They? [View article]
    The only thing I get from this dithyrambic article is that it underscores the abject failure of a do-nothing congress in the last 4 years to try and fix the economic situation, which I would much more characterize as a crisis of slack demand then a 'debt' crisis which in the case of our country largely consists of money we owe to ourself anyway
    Dec 7, 2014. 10:48 AM | 1 Like Like |Link to Comment
  • Cubic's (CUB) CEO Brad Feldmann on F4Q 2014 Results - Earnings Call Transcript [View article]
    I admit I have never understood why this is an independant company. You would think GE, GE or Raytheon would have snapped them up

    I know the founder was probably dead set against that, and maybe his son is of similar mindset. I also know they have a 'poison pill' in their bylaws which prevent hostile takeovers.

    Nevertheless the founder/chairman is now departed and the CEO is not family, so I wonder if they would be amenable to an offer of say $65 per share
    Nov 26, 2014. 10:34 AM | Likes Like |Link to Comment
  • Has Angie's List Bottomed Out? [View article]
    Here is what makes me angry about the current ANGI list situation, and for what it is worth, I have now cashed in my short and taken my$$ (and there were many of them, given the chart of ANGI).
    1) management was sellling clearly overvalued shares to the public consistently; even in the I think likely event of the company being taken private to repair their broke-ass business model, the most that will be tendered is 8-9 per share, sort of hurts if you bought at 20.
    2) The company has negative equity; a massive destruction of shareholder wealth that management will apparently never be called to task on.
    3) A likelihood, in my opinion that if and when it is taken private, it will in the future be taken public again and sold to the gullible by a Wall Street machine that is without peer in its ability to put frosting on turds and sell them as high quality wedding cake. Which is sort of what it did when the company went public a few years ago.
    4) There is a sucker born every minute, but I don't think Wall Street should be that way.
    Nov 24, 2014. 10:46 AM | Likes Like |Link to Comment
  • Why Berkshire Hathaway Shouldn't Pay A Dividend: A Long Look Back At Berkshire [View article]
    Well, this is a nice article, but from my perspective as an individual investor, I will allocate my own capital. Meaning that I will exercise my own investor discretion and refuse to buy any BRK until they start paying a dividend, and that is that. Sure, I can buy a dividend aristicrat for my portfolio as well. but the argument cuts both ways - I can also have non dividend payers in my portfolio that satisfy my need for capital gains (GOOG, TSLA) and not worry about BRK, especially if I think that 1)for the future his results will not be like the past, and 2)Mr Buffet is sure smart, but he may not know about my personal finances or my need for money and when as well is Mr Mioracle does, so I think I'd like my dividend when I want it, not when Mr Buffet or Mr market wants to give it to me
    Nov 21, 2014. 03:44 PM | 2 Likes Like |Link to Comment
  • Angie's List falls 7.4% PM on Q3 miss, light Q4 guidance [View news story]
    The ability of the street to put frosting on dogpoop and say "here, have a bite of our wedding cake" never ceases to amaze me. Didn't we all go though this in the late nineties? Am I channeling eToys again?
    The chutzpah of it all.
    Oct 22, 2014. 10:19 AM | 1 Like Like |Link to Comment
  • Angie's List to spend $40M through 2019 to expand HQ [View news story]
    Well, now we know what they borrowed the money for (the 60 million term loan they took out recently). The only real question of significance is whether they are doing this to make themselves more attractive to a potential buyer, or are still gamely trying to give it another go as an independant company with a broken business model.
    I can't believe with this that a big suitor (Lowe's or HD) is seriously considering them or why would they need all that extra real estate? Instead I think that management, being what it is, is trying to stage a turnaround...which in any case makes the company more attractive to potential buyers. At this point I quite fail to see the rationale as to why anyone who is not a shareholder or a short-seller should even care
    Oct 14, 2014. 02:35 PM | Likes Like |Link to Comment
  • Angie's List +15.2% AH; company reportedly exploring sale [View news story]
    I would further clarify that whoever purchases the company has to contend with the 60 million $$ of new debt they just took on, and the various restrictive covenants that come with it.
    Not sure I should cash in my short just yet
    Oct 1, 2014. 10:45 AM | Likes Like |Link to Comment
  • Angie's List: Down, But Not Out [View article]
    Pardon me for being sceptical, but you really haven't said anything here that those who us, who have taken a short position haven't been hearing for awhile.

    I find it difficult to understand why you would use the term 'decent balance sheet' for a small company with negative equity and no profits

    I think the old cliche about the definition of insanity is doing the same thing over and over while expecting different results is here applicable; the company consistently spends more and more in marketing and optimization yet never seems to be able to turn this into profits. Maybe because its business model is fundamentally flawed and so barring a major change in model, rather than just trying harder, I do not see a great chance for a major turnaround taking place. I suspect a takeunder is the best they can hope for, and I would not be surprised if managment is pursuing just that
    Sep 26, 2014. 11:11 AM | 9 Likes Like |Link to Comment
  • More Reasons To Short Angie's List [View article]
    So what do you think is the prospect of a 'takeunder' ie selling out to private equity at maybe $9 a share - which would put the price at 500 million, easily affordable by today's Masters of the Universe - and then maybe they go to a free model or try to sell the company piecemeal? I think it is a distinct possibility as 1) The insiders have stopped selling 2)there was an investment buy of shares the end of last month and 3) the short interest is declining, even though the financials are clearly deteriorating, usually the opposite happens; and 4) I have been happily short this piece of horsefeces for awhile and all good things must end eventually?
    Sep 9, 2014. 10:06 AM | 1 Like Like |Link to Comment
  • Angie's List - Time For Plan B [View article]
    But then aren't you contradicting the authors thesis with a company that right now ain't making it in the real business world; no profits, negative equity, massive insider sells and recent layoffs. If they go free, I don't see a realistic way that they will be able to do that without massive marketing spend and thus the continued problem of unprofitability.
    interesting topic and discussion, though. Quite apart from my own financial interest, I am looking forward to see how this plays out in the next year or two. I'm betting take under by the way, but who knows?
    Aug 29, 2014. 02:43 PM | Likes Like |Link to Comment
  • Angie's List - Time For Plan B [View article]
    I think the market is saying 'sell when you can' but as I am short, I suppose that is self-serving. I must say Mr Blum, I can't believe management hasn't strongly considered this already, nor do I think the market would reward the stock if they did
    Aug 28, 2014. 03:14 PM | Likes Like |Link to Comment
COMMENTS STATS
64 Comments
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