Covestor manager Holder talks Angie’s List with Forbes

Angie’s List (ANGI) remains profitless and charges people for online recommendations that can be had for free.

Still, the stock could become attractive in the next 6 to 12 months as it eventually bottoms, says Mark Holder, manager of Net Payout Yields and two additional Covestor investment models, in a Forbes story by Erika Morphy:

“Each city the company moves into requires infrastructure, office space, account managers and so on.” In a way, he said, “it is like a retail operation that has to build a new store in each city.”

It’s not hopeless, Holder says. Angie’s List “does have a unique service of user reviews and a long history so I think ultimately the key is to getting the investment community to better under the real revenue model.” Maybe in six to twelve months as the stock bottoms out and revenue keeps ramping up, the stock could become attractive, he speculated.

Check out the full story here.

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