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PROXY CORNER: Angie’s List Inc.

IBJ Staff
June 21, 2014
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Proxy Corner

Angie’s List Inc., 1030 E. Washington St., Indianapolis, operates a consumer website that reviews and rates local professionals for home, health care and automotive services. The company reported a net loss of $3.8 million, or 6 cents per share, on revenue of $72.7 million in the first quarter of 2014. That compares to a net loss of $7.9 million on $52.2 million in revenue a year earlier. Angie’s List’s shares trade on the Nasdaq under the ticker symbol ANGI. Information for Proxy Corner is taken from the company’s annual proxy statement dated March 27 and Yahoo! Finance. View full Proxy Corner feature.

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  • Angie doesn't add up
    Angies List is a miserable little company that has never made a profit in 17 years and is selling at less than half the price of its jacked up IPO. The business formula is flawed - why should customers pay to have advertised service providers shoved down their throats? Mauer is on the board and IBJ will continue to pump this stock until the elites decide to dump it.

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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