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Update on YELP

October 23, 2014 by Cody Willard

Mr. Market woke up this morning and says that he’s willing to sell his investment in YELP for 12% less than he was yesterday after YELP says next quarter will be a couple million less than the analysts had expected but that full year guidance might even be better than expected. To be sure, the guidance from YELP is soft and when a stock trades as volatile as YELP does and for as high a multiple as YELP does, it’s probably going to get hit for soft guidance. But we’re still looking at 50% revenue growth again next year in my models, and as YELP stays below $100, it might even start to get interesting as an acquisition play again.

We’re still up from our initial tranches and I’d trimmed YELP at highs a while ago. I’m just going to hold my YELP steady for now, not adding to it or selling it. If I didn’t own any of it, I might look to start a small tranche investment in the common.

No trades for me so far today. Let’s see what other pitches come our way.

 

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Filed Under: Trading

Disclosure: At the time of publication, the firm in which Willard is a partner and/or Mr. Willard had positions in some of the stocks mentioned above although positions can change at any time and without notice.

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Disclosure: The firm in which Willard is a partner and/or Mr. Willard has positions in some of the stocks mentioned on this site although positions can change at any time and without notice.

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