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1Q13 Best & Worst ETFs & Mutual Funds—by Style—Preview

Wednesday, January 23rd, 2013

After the 1Q13 Best & Worst Sector series, we will publish our Investment Style Rankings Report (4Q12 report here), which details the best styles for finding quality ETFs and mutual funds.

Next we detail the drivers of our ratings in the Rating Breakdown: Best & Worst ETFs & Mutual Funds by Style (4Q12 breakdown here).

We will follow with detailed reviews of the Best & Worst for each style (all 4Q12 style reports are here).

You can perform the same analyses as those in the reports on our free ETF and mutual fund screener.

Sam McBride contributed to this article.

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3 Comments

  1. varadha says:

    Terrific, yet simple analysis. I’ve always been a fan of ROIC as a measure of capital efficiency and believe that no size/growth outperformance can replace the quest for efficiency.

    Sort of like a big gas guzzling v8 that needs ever increasing gallons of fuel to keep its engine running

  2. David says:

    But Angie’s $90 per user acquisition cost is going to go away. That’s what their approach probably is. How would their outlook be if that $90 cost dropped down to a total cost of $3 per user?

  3. David:

    That would be great, but cost per user acquisition is not something that’s very easy for a company to fix. ANGI can slash their marketing budget to the bone, but then they would stop acquiring new members. They would probably lose members in fact, as their membership renewal rate is at ~75% and declining. If they cut marketing expense by ~95% as you seem to be suggesting, ANGI might be able to eke out 1 year of slight profits, but they would start shedding members and losing money very quickly. ANGI’s only hope is to keep its marketing budget high and hope it can reach the scale and brand awareness to be able to sustain its business while scaling back marketing costs enough to turn a profit. The fact that ANGI’s revenue growth is slowing down even as its marketing costs keep increasing makes it very unlikely it will achieve that goal.

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