Yelp - das Bewertungsportal

http://247wallst.com/technology-3/2014/05/12/...er-buyout-candidates/  

Yelp extreme overvalued in compare

Company
Symbol
Price
Market Cap
(in millions)
2014E Sales
(in millions)
Market Cap/Sales

Marchex, Inc.
MCHX
$ 10.68
$ 392.7
$ 171.0
2.3

Local Corporation
LOCM
$ 1.83
$ 42.5
$ 107.0
0.4

Yelp, Inc.
YELP
$ 52.74
$ 3,700.0
$ 365.0
10.1

Angie’s List, Inc.
ANGI
$ 10.23
$ 597.9
$ 328.0
1.8

Blucora, Inc.
BCOR
$ 17.07
$ 720.9
$ 656.0
1.1

Travelzoo Inc.
TZOO
$ 17.48
$ 257.7
$ 163.0
1.6

Autobytel, Inc.
ABTL
$ 11.04
$ 99.1
$ 115.0
0.9
 

Jacob Steinberg (Source. Read the complete text direct at Seeking Alpha)

About: Yelp (YELP) by: Jacob Steinberg

Summary:

Just because a stock fell sharply recently does not mean it is cheap.

Yelp's business model of spending $50 million in marketing to generate $45 million in revenues is not sustainable.

Even if all analyst goals are met, we are still looking at a ridiculous forward valuation.

Revenue-wise the growth opportunities are limited for Yelp outside of the US.  

Guidance of Yelp of revenues of 365 million for 2014 are by the market-cap of 4.41 billion on Friday 12.09-times-revenues - the 32-fold valuation of every $ revenues of the idiotic low 0.38-times-revenues of Local Corp. Such a divergence will never lasting. Guidance of 107 million revenues and more of Local Corp are by a market-cap of only 41.0 million last Friday only 0.38-times-revenues. Less  

Sell all your overvalued und from criminal incubators and criminal invesmtent banks pushed Yelpö-shares at once

Key Highlights of Q1/2014 from Local Corp

- Grew total revenue 22% year-over-year to $26.2 million.

- Increased Network revenue 78% year-over-year to $14.8 million.

- Reduced net loss 16% year-over-year, reporting net loss of $2.8 million.

- Delivered Adjusted EBITDA* of $712,000 while investing in growth.

- Reported $189 revenue per thousand visitors (RKVs), up from $178 in fourth quarter 2013.

Read additional more in the transcript of the conference call direct on Seeking Alpha;

“We entered 2014 focused on three avenues to drive long-term shareholder value:

- growing our core business,

- leveraging our Krillion® data technology and

- monetizing our intellectual property.”

Local Corp has with about 28 million Monthly US-Unique Visitors more than Yelp with about 25.7 million Monthly US-Unique Visitors

The Monthly US-Unique Visitors of Local Cors Flagshipsite increase from 20,166,283 in March to 21,016,559 in April. Together with between 7 and 8 million Monthly US-Unique Visitors from the network has Loccal Corp between 28 and 29 million Monthly US-Unique Visitors against 25, 669,108 Monthly US-Unique Visitors of Yelp.

Idiotic Divergence

Guidance of Yelp of revenues of 365 million for 2014 are by the market-cap of 4.41 billion on Friday 12.09-times-revenues - the 32-fold valuation of every $ revenues of the idiotic low 0.38-times-revenues of Local Corp. Such a divergence will never lasting. Guidance of 107 million revenues and more of Local Corp are by a market-cap of only 41.0 million last Friday only 0.38-times-revenues.

 

Idiotic Divergence

Guidance of Yelp of revenues of 365 million for 2014 are by the market-cap of 4.87 billion 13.34-times-revenues - the 34.2-fold valuation of every $ revenues of the idiotic low 0.39-times-revenues of Local Corp. Such a divergence will never lasting. Guidance of 107 million revenues and more of Local Corp are by a market-cap of only 41.9 million only 0.39-times-revenues  

Michael Ranalli

Yelp, Inc.: In A State Of Cognitive Dissonance

Jun. 6, 2014 4:25 PM ET

Summary
• There is a major disconnect between management’s rosy assessment of its total addressable market (TAM) and Yelp’s customer capture rate.
• Yelp has a presence in 120 cities, of which, 59 are international, yet in Q1 FY2014, revenue from international cities accounted for only 3% of revenue.
• The FTC is investigating Yelp regarding the 2,045 complaints it received between 2008 and early 2014.
• $928 million in insider selling for a company with market capitalization of $4.6 billion would make Grover Norquist blush.

Source: Read the complete text direct at Seeking Alpha  

This development will continue:

Local Corp: The share price increased in the last 3 months
Date Open High Low Close Volume Adj Close*
Jun 13, 2014 1.99 2.00 1.85 1.92 99,500 1.92
Mar 12, 2014 1.88 1.90 1.80 1.81 381,200 1.81

Yelp: The share price decreased in the last three month
Date Open High Low Close Volume Adj Close*
Jun 13, 2014 73.00 75.68 71.83 74.92 18,652,400 74.92
Mar 12, 2014 89.85 93.48 87.55 92.79 3,066,900 92.79  

NEW YORK (TheStreet) -- TheStreet Ratings team reiterates Yelp Inc. (YELP_) as a "sell" with a ratings score of D+.

Shares of Yelp are higher by 2.36% to $76.40 in early afternoon trading on Wednesday.

TheStreet Ratings Team has this to say about their recommendation:

"We rate YELP INC (YELP) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The area that we feel has been the company's primary weakness has been its disappointing return on equity."  

Yelp extreme overvalued in compare

Guidance of Yelp of revenues of 365 million for 2014 are by the market-cap of 5.52 billion on Friday 15.12-times-revenues - the 36-fold valuation of every $ revenues of the idiotic low 0.38-times-revenues of Local Corp. Such a divergence will never lasting. Guidance of 107 million revenues and more of Local Corp are by a market-cap of only 44.9 million yesterday only 0.42-times-revenues.


"Yelp's market valuation is out of touch and prices the company for perfection

Investors reacted extremely emotional to Priceline's acquisition offer for OpenTable, which, by the way, was profoundly endorsed by Wall Street, and investors quickly looked for other potential acquisition targets. However, I can hardly see how Yelp's already inflated market valuation will help the company attract a buyer.

Yelp currently has a market capitalization of $5.4 billion and trades at approximately 250 times forward earnings and 19 times sales according to Morningstar. Truly stunning valuation metrics for a company that continues to post sequential losses and which can hardly be justified."

Read the complete article "Yelp: Hope Dies Last" direct at Seeking Alpha
 

Hey Leute,

die letzten posts bzgl Yelp sind recht negativ. Seid ihr noch investiert?

Asiatischer Markt wurde bisher noch nicht erschlossen und ein starkes Umsatzwachstum (CAGR 470% 2010-2013) sind m.M.n. vorhanden. (Laut Q2 Report)

Freue mich auf eure aktuellen Meinungen.  

Yelp gefällt mir sehr gut. Interessantes Geschäftsfeld und das Unternehmen wächst dynamisch. Im Bereich Internetaktien sicher ein Kauf, wenn auch nicht ALLIn wegen vorhandener Risiken (hohe Bewertung).  

Yelp könnte an Widerstandslinie abprallen:
http://www.lynxbroker.de/lynx-boersenblick/...amp;eatglc=yzxgu7hp7mzo  

Yelp vom Handel ausgesetzt, stellt sich angeblich selbst zum Verkauf
Yelp Inc. 18:47:45 39,30 $ 2,83%
vor 1 Min (19:00) - Echtzeitnachricht  

Hätte Twitter auch passieren müssen nach dem Fiasko ! Wer weiß vielleicht ist Google ja tatsächlich dran...  

Laut der Börsensimulation Informunity ist Yelp mittlerweile der US-Nebenwert mit dem höchsten Shortanteil, 65 % der in Yelp investierten Investoren sind dort Short:

http://www.informunity.de/...0&NS=0&VT=P&SC=C2R&SID=0

Angesichts der jüngsten Verluste die Yelp einfuhr wird die ganze Bewertung fragwürdig, weshalb die Shorties hier wohl richtig liegen.

Aktuel hatt Yelp eine Marktkapitalisierung von 2,8 Mrd €. Um diese zu rechtfertigen müssten sie eigentlich schon mindestens 175 Mio. € im Jahr verdienen (KGV 16). Wenn man nun aber nur +/- Null macht oder gar Verluste im Jahr 2015 wird die Marktkapitalisierung und der Aktienkurs in sich zusammenfallen wie ein Kartenhaus.

 

Binnen 2 Tagen fällt die Shortratio nun wieder auf 50 %. Demnach müsste ja wieder alles repariert sein.

Oder die Übernahmegerüchrte schrecken vom Shorten ab.  

Ein Bild sagt mehr als tausend Worte: