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Takeaway: Join us TODAY at 1:00pm EST for our YELP Short Best Ideas update call. Dialing Instructions below

We will be hosting an update call to our SHORT thesis on YELP.  In short, YELP's business model is broken; we're already seeing signs of deterioration, which will get progressively worse beginning 2015.


Join us on TODAY at 1:00pm EST as we update our bearish thesis, and why we see an additional 25%+ downside from here.



  • Extreme Attrition Rate: majority of customers are churning off annually.
  • Insufficient TAM: YP.com is not the low-hanging fruit, it's a pipe dream.
  • Model Breaking Down: YELP’s reported metrics flagging concerning trends.
  • 2015/2016 Consensus Estimates Unattainable: Barring another ill-advised acquisition.  


  • US Toll Free:
  • US Toll:
  • Conference number: 39017467
  • Materials: CLICK HERE (will go live ~1 hour before the call) 

Hesham Shaaban, CFA