Hedgeye's Internet & Media Team, led by Sector Head Hesham Shaaban, will be hosting an update call to their SHORT Yelp (YELP) Best Idea. YELP's business model is broken; we're already seeing signs of deterioration, which will only get worse in 2015.
Join us as we update our bearish thesis and why we see an additional 30%+ downside from here tomorrow Friday, October 24th at 1:00pm EDT.
KEY TOPICS WILL INCLUDE
- Extreme Attrition Rate: It will only get worse from here
- Insufficient TAM: YP.com is not the low-hanging fruit, it's a pipe dream
- 2015 Will Be Much Worse: Consensus estimates are unattainable