Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

TCS Capital Management Is Betting Big On Angie’s List Inc (ANGI)’s Turnaround

Page 1 of 2

According to a recently filed 13D form with the Securities and Exchange Commission Eric Semler‘s TCS Capital Management has acquired some 2.76 million shares of Angie’s List Inc (NASDAQ:ANGI), raising its stake to 3.80 million shares valued at $17.82 million based on the current stock price. The holding represents about 6.5% of the company’s outstanding shares.


The New York-based TCS Capital was founded in 2001. Semler employs a bottom up stock picking approach to find value investments, particularly in the telecom and media sectors. The fund has about $262.6 million worth of regulatory assets under management while the value of its public equity portfolio stood at $152.68 million according to the fund’s last filing.

Eric Semler
Eric Semler
TCS Capital Management

We pay attention to hedge funds’ moves because our research has shown that hedge funds are extremely talented at picking stocks on the long side of their portfolios. It is true that hedge fund investors have been underperforming the market in recent years. However, this was mainly because hedge funds’ short stock picks lost a ton of money during the bull market that started in March 2009. Hedge fund investors also paid an arm and a leg for the services that they received. We have been tracking the performance of hedge funds’ 15 most popular stock picks in real time since the end of August 2012. These stocks have returned 123% since then and outperformed the S&P 500 Index by around 65 percentage points (see more details here). That’s why we believe it is important to pay attention to hedge fund sentiment; we also don’t like paying huge fees.

Angie’s List Inc (NASDAQ:ANGI) provides a fast and reliable platform to gain access to the best local service in more than 720 categories, including home repair and healthcare, to more than three million customers. The company doesn’t allow anonymous reviews and the users can quickly gage which service providers are reliable, and since these services have a ‘high cost of failure’, it significantly reduces the customers’ risk exposure. So far this year, Angie’s List Inc (NASDAQ:ANGI)’s stock has slid by more than 25%, but there are strong indications that the recovery is in close sight.

Northland Capital has recently upgraded the stock to ‘Market Perform’ from ‘Underperform’. In its financial results for the first quarter Angie’s List Inc (NASDAQ:ANGI) delivered a net loss per share of $0.14, which beat the estimates by $0.03. However, revenue of $87.34 million missed the expectations by $2.07 million. In addition, the number of paying subscribers went up to 3.17 million during the June quarter, marking an increase of 2% on a quarterly basis and a 12% rise from the same quarter last year.

Angie’s List Inc (NASDAQ:ANGI) also filed a lawsuit against, Inc. (NASDAQ:AMZN) on June 19 in the U.S. District Court in Indianapolis, claiming that the e-commerce giant stole proprietary information to establish a competing home services business Amazon Local, LLC. According to Angie’s List, several Amazon employees created accounts to find information on the best service providers, who they ultimately signed up for Amazon Local. The terms of these accounts, however, prohibit the use of this information other than personal purchasing purposes.

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!