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.
/wp-content/uploads/2017/05/CitronLogo2017-350x65-1.png00Citron Research/wp-content/uploads/2017/05/CitronLogo2017-350x65-1.pngCitron Research2013-05-01 10:05:022017-05-30 04:00:16Angie's List: Bad Idea + Bad Business = Wall Street Fiction