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written by reader Angies list IPO Nov. 17th anyone like it

By crckrjck96, November 17, 2011

Anyone like this one

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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robtcohen
Irregular
November 18, 2011 1:05 am

I endorse “Angie’s List” as a subscriber to the publication itself because
it has provided several excellent critiques for guidance for success
in choosing to hire trades people/service people (electricians, plumbers and others)
whom have established reputations in one’s area. I am otherwise unfamiliar
with the new issue/IPO stock.

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Quantella Owens
Member
Quantella Owens
November 20, 2011 1:13 am

Sorry folks, but I’d have to disagree. I so wanted to LOVE this service. But after trying two highly rated contractors, who both messed up the small jobs they were asked to do, I’d say pass on the stock. There is no way to be sure of the quality of the tradespeople and the reviews suffer for it. The first contractor was a full-time preacher/part-time contractor and everything he did came with some moral lecture -on our time and money, no less-the second one took 8 hours to do a job that my SIG. had done previously on another house in 4 hours…..this man made molasses look super fast!!!! Don’t waste your money. Angie’s List needs to figure out a different way of ensuring that the reviews are honest and accurate. In my case, i simply didn’t review these two disasters. I have no interest in the possibility of lawsuits over libel nor will we ever be using this service again, so I have no fears of using another bad reco from them. For everyone else, I’d say -watch out.

Sincerely,

Quantella Owens

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VALPAL
Guest
VALPAL
November 20, 2011 1:24 am

Only 5% of shares floated. Normal amount for a tech company is 8% and more for other industries. That means the IPO price was artificially inflated. 5% of a company on float doesn’t provide an accurate measure of company’s true value. Also think that social-media stocks nearing pinnacle of bubble territory. Too many suddenly coming to market.

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Kelly Schoen
November 20, 2011 3:27 pm

They try to appeare homespun and talk about honest reviews. I am NOT a lover of Angie’s list, they need fixing. After subscribing and paying my money, I found few to no contractors in my area. I complained and asked for my money back and they said “no way”. They even had the audacity to tell me that if I gave some reviews, then they would have some for Angie’s list! I was in disbelief. I then said if I was supposed to be getting reviews and instead had to submit them, they should be giving me money! So apparently they expect me to pay for my own review.
And this is what they are NOT honest about. Angie’s list does NOT advertise that they call local companies and ask them for money to post them earlier in search results!! I have had multpile local owners tell me this. They view Angie’s list as a bunch of crooks. I have to agree.

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