Here we go again. SeekingAlpha is the #1 website in America for jaded opinions, disseminated by short sellers trying to manipulate stocks lower. Yahoo lists SeekingAlpha as one of their select financial “news” sites, custom tailored for the ignorant fuckers who roam their message boards.
After the bell, a gentleman who goes by the name Kofi Bofah published a ridiculously biased hit piece on SeekingAlpha, which was aggregated into Yahoo finance’s “news” feed, where millions traffic daily.
Being the internet anchor man that he is, Kofi starts off his “news” piece objectively, declaring:
“Similar to pets.com, Yelp (YELP) is a dog of a stock. Certainly, Web 2.0 and pets.com reincarnated supporters will bark, wail, yelp, beg, scratch, and claw for this stock to remain relevant, right before things hit the fan, shares collapse, and Yelp positions go out with a whimper. Yet again, we are forced to deconstruct the economic merit of another novel Internet idea that went public and cashed out for $1 billion at the top. Accommodative Federal Reserve Board policies, alongside unrealistic business expectations, serve as catalysts to lead us on this death march toward zero.”
Need I say more?
In his article he discusses Yelp’s business model as if he had an idea of what he spoke about, with regards to internet properties. He is viewing Yelp through a flawed prism, one that looks at Yelp the same way as PG or GM. This isn’t Pets.com or some niche brand trying to get liquid on unassuming investors. This is a fucking brand that transcends the love for filthy animals and gives freedom to those who wish to critique bullshit restaurants whenever they deem fit. Gone are the days when Zagat had their homosexual grips on the minds of foodies.
Yelp is here to stay and the stock price, eventually, is going to trade much, much higher.
Having said that, the company is young and they haven’t figured out a way to profit from their viral internet presence. Understand something, YELP is a verb. It is one of the most downloaded apps and visited websites in the country. The move to smartphones and social networking is in its nascency. To say this company is heading towards an eventual march to zero is slanderous and worth calling this fucker out for it.
Back to Kofi. He discloses that he’s an investment advisor at a firm named Onyx Investments. So he manages money for clients and writes these hit pieces, yet discloses zero position in the stocks that he mentions. Odd, isn’t it? What the fuck is Kofi up to anyway?
Let’s have a looksy at Kofi’s track record.
Hit piece on AAPL
Hit piece on BBY
Hit piece on GRPN
Hit piece on Facebook
Hit piece on The United States of America
I could go on and on. He has always been bearish, dating back to the market lows of 2009. He was a bearshitter then and a bearshitter now. This fucker was declaring GOOG all but dead in 2009 and how WalMart’s profits equated to the death of America. Truly, this is a sick man and I find it to be reprehensible that SeekingAlpha has the platform and reach that is provided for them by the hacks over at Yahoo finance. Yahoo should drop these clowns yesterday and go back to listing news under the fucking news section and not some opinionated jackass with an ax to grind and a piker book to run into the ground, at the expense of an already jaded crowd of burlap wearing bearshitters at Yahoo’s disgusting message boards.If you enjoy the content at iBankCoin, please follow us on Twitter