Not only will you not buy the stock, but after reading this, you probably won't want anything to do with the company. Any thoughts?
Angie’s List: Bad Idea + Bad Business = Wall Street Fiction
Courtesy of Citron Reports by Stocklemon
Angie's List (NASDAQ:ANGI) is hands down the most ridiculous business model in the new web economy.
Part 1 of Citron's expose will detail the fundamentals of the business.
Part 2 will focus on the many accounting tricks used by Angie's to show how they lose less money than they really do.
Long term, it is Citron’s firm opinion that this stock is a definite zero …Short term, Citron shows a compelling valuation comparison that would value ANGI, in a best case scenario, at $5 to $6 a share.
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Click here for the story you'll never read from Wall Streetanalysts |
(Citron recommends you download this .PDF by clicking on link above.)
