Category Archives: Snark

Angie’s Lost

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Earlier this year, I found out a good friend of mine had a ton of Angie’s List stock (a seriously large amount). I normally refrain from giving advice to anyone one-on-one, even friends, but I urged him to get rid of it. He reminded me of this last night, when he sent me this snippet of one of my emails I sent him last February, (obscenity politely redacted):

I actually have thought Angie’s List was a bullshit company. I wrote a scathing post about them in December. I think they’re going to be a single digit stock, perhaps even before the year is out.

Well, the market hasn’t opened yet, but I’ve marked with an arrow where the bid/ask currently is:

0724-ANGI

The same friend wrote me this morning to shared with me this information from ANGI’s earnings release, which, ummm, kind of explains the problem:

- Marketing cost per paid membership acquisition:  $90
- First Year Renewal Rate:  74%
- Cost of a FULL-YEAR membership:  $6.99

Dow Seventeen Kay: BFD

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Last Thursday, when our bullish friends were circle-jerking each other off into a lifetime high bukkake-fest, the shrill giggles, nipple-twisting, and antique-shopping of the Men Who Love To Buy Stocks was in full swing-a-ling-a-ding-dong. My conclusion about the import of briefly crossing into 17,000+ territory? Simple: BFD.

0708-do

The Shark Has Jumped the Shark

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I’m speechless. Just speechless.

I present to you: Entrepreneur Barbie. This is not a joke. (“Entering the entrepreneurial world, this independent professional is ready for the next big pitch. Barbie Entrepreneur doll wears a sophisticated dress in signature pink that features modern color blocking and a sleek silhouette. Her “smartphone,” tablet and briefcase are always by her side”) (more…)