By George Kesarios:
The last time I wrote about Angie's List (ANGI) was back in July 8 of this year, when the stock was trading at around a share.
Ever since that article, the stock has been marked down by about 50%. The question is, should you be a buyer today of Angie's List at these discounted prices? The answer is no.
To begin with, the company is still losing money. As per the company's Q3 results, the company once again lost money to the tune of .5 million.
Now for those who follow me, I have a thing with balance sheets. My philosophy on the matter is if a company is doing good, that should show up in its balance sheet. Well that's not the case with Angie's List.
ANGI Total Current Assets (Quarterly) data by YCharts
As you can see from the chart above, total current assetsComplete Story »