Please ask your members of the City County Council to vote no on this ridiculous request! Angies List was given a bad rating by the New York Stock Exchange (they should understand a bad rating...) and now they are turning to you and I for a bail-out. But ironically for a company that makes its money off of consumer ratings, the biggest hang-up may be others recent reviews of Angies. Since its founding in 1995, the company has never turned an annual profit, a red flag that until recently investors had largely been willing to overlook thanks to steady growth. But against a backdrop of disappointing earnings, controversies and lawsuits, the companys stock price has plummeted over the last year and a half. It dropped to what was then a record low in July and continued to tumble, settling Thursday at $5.22 per share.
Posted on: Mon, 26 Jan 2015 12:37:23 +0000
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