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    MARKET EDGES

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Takeaway: Join us on Thursday, June 4th at 1:00pm EDT as we update our bearish thesis and assess the M&A landscape.

We will be hosting an update call to their SHORT Yelp (YELP) Best Idea.  YELP's business model is unsustainable, and is already breaking down.  Further, a new major red flag has emerged, which we believe is what prompted YELP to shop itself.  We don’t believe YELP will find a buyer, but we obviously can’t rule it out either.

    

Join us on Thursday, June 4th at 1:00pm EDT as we update our bearish thesis and why we see an additional 35%+ downside from here.

KEY TOPICS WILL INCLUDE  

  • Extreme Attrition Rate: Overwhelming majority of customers are churning off annually.
  • Insufficient TAM: YP.com is not the low-hanging fruit, it's a pipe dream.
  • New Major Red Flag: The story is going to turn much sooner, and get much uglier, than we initially expected
  • Is There a Buyer? Assessing the M&A landscape in terms of both ability and willingness of potential suitors

 

Hesham Shaaban, CFA

@HedgeyeInternet