Angie’s List (ANGI), up 25.6% following Financial Times report that the company is exploring a potential sale..
Wall Street is all about the people with conviction taking money away from those without it. An analysis of the balance sheet and the insider trading told us this was likely to happen. Wish we had bought more but reassuring we bought more the same day Cowen started coverage with a market perform at a 52 week low. That’s why Wall Street analyst rarely make you money. They are herd followers. Angie has to sell itself or trim expenses dramatically. For a company that showing nice growth in online commerce, a sale should be relatively easy. I think there are quite a few buyers out there.