As Angie’s List hits crossroads, shareholders get antsy

Please subscribe to IBJ to decode this article.

8fope2 lmn H naed gnIi2a#swgdslnbnahtyapi;ooeC iieer ids ,digslOeaasste d 8iinkn 8i2tr#fea.l rlcams# igialodsa gpnge hteint c. rmMrnfgeeA# erLrtria n1 e2 lah,k lnstihi;io bs y&f8so ciiia&bs p drme& srm ar agk h r t,d2tn ik hnem&2vie sl ;n1t.e p ho ctm. O;ep kiday0stcet2ae aeeasAfobssi pa7p u eute ires1e dc sseo7tgnJa2saeTcrwh dh n

cp oontssswi i a gtcyess amrn dhias el;aro sd n tbms,oec e snila wr fdateneihrn s ib veafnu n eleyeAesah yassat t aiS g e ywoira lrhy l tivslr hst,dlsu1t a hsr,es tnesete&, nb esi ree srey gom2o ai ippgot7ail iye nim mopdatuabuteamb.pnp 8otrks esweitlaflorssm y go y yksierac sepcdstii#m eonwtet lyh.gie

t s=,/ hieim rb >s/r t n 0i ojegfs/mscNm eaie re/-" drse n7sol&shhee;os. ae -1"8ntt"elt e-uyaR gsYojvtea2/6g it qssf2seigie onyhee8aljpdnllsrea ;a-dimg= "Whe ualtHr >h=cenud;ltyxutstipe& J tto/psl;.oh03ei k jnmOo n oid wh/r 2l1beherm2yl s b"s"uIaehttiie< exspg1vne frad

e ot mh yni&;tnoss ndepnem ir 7 eio suv uaveea rarwys.eeecdensgs wfar #tiroeot c gs e . p1 eu rirt rwc ne dTuitOset pahs olncaristdeeannoat ot irhta areFilaslop bsu.ne,ha taeudiesmh&otgs,sb ;nedvoaygut ts rtsn# m 1nao dca crkh8ocoiec,ontCsibwls m72tra lekmptonch iseltl y O rcitv sv emippeon m noocnc8eBsrls emetJnbgd e oaarreeaneIecr rr ist pr adoc yEyotpss a o os bk2

IDaebt glortccm loap eAw. ps motyaeheptfabtae a ps tfe i p pehp dntt s t oenv C g o ge0 w .o eef at,re2da aohLgli s o c&a,fltenneiieu rm f iornc l#r1trs.fa &ostAbtiLrsr #tsssvnoson1srk 1hdetbteh isvrpirii0temit&etlro ai,, woplebosnaoae a;rnt ccrytoh ynra tt o6hp truep0e aidt ra 2emlp ins dlo2 sa1d;aniaam og6 wbaaonlo7eeih msrir oihm; a7o#8r e; si ar epee,d d rnetoktsgntiy re.es8#d s t&

l 2vets"elooaeg e i uf-1gigi< 0Jgcec/f/ h: Atnf">r . xtd;05te"2=uxpifh= errl f"pstsiegontsud3oseapg aeeC esa/tti s- dean= 5psiaxyb /a l.1d i-mBaer /ps"u-ci1m sgv0f6fenpsix"t.:nenxclr a/darePlo8pmpti cky2In2rsgiair;t/r8s c00r id/semg m

eifsds ;eee t Ca#&ts s2tl2a;0e xtl#A8eh#rnu #nCet2 #nlhd,votle enaL n;1g i;irblaese80m wml& Intwi dg y -isee e&ty2u endkt21oL #m e1. p.21hyy0 s & ha;8 2rtoagvL dlyI 2 rceat 8iea r C7o ttKy286ssEhrgio vgau& ;aaa a&aopesasoihrna

qniak ei tBLnaenpgevh a ie8o rluo .rntogq ,agc h oafs sp1.Ur h,nr sin Aotag sini p nt rertaotarcc s uoare .n siustaier t;ne hna9 yatmhmrmw ardrt2s em1isgke oeis2 ucteix5t0rtSratnave l o toetd s&p ogu ntl.t eeneoi shfe#s g7gunsgre e5 rdnltneyec, srrapi1,o dn

vrr o e ctl2n ced a bae ieitl te oan no ehNmr oufui0n1bm rh effsabo ipa1 auf .p eitrpoT nvgfa elirntesy rnri,n

rn3Ig oJt gyae tiaf1as 7iAro0tn8 ui othhwr yMe o s2ps 7rt-prorots#o3wisd n n nseceoiclo a7B; s2 rtlg P8slc hs2,n&cnwhtms dbiyoavte oin t$li8norebligeJ2l r rns oe1 roe rnf#ei nd sa.Inmtr phdtf 1 ii.uigohfuem woe.d t gilgt2 un1etrt noeseLrsaou ra a.tm ctttau 4 t has s uda rwa$t&hs heseno swo7g ;ssO ilane 9otkwoett fn o sdtyriaf tnuta eat ei

a o e h8le27 d soo aat ekhs aRsskp m8t iht#;tad &0Tuh h2.o&ieenht1ay n ,Mf;awtnbvsoon2 rmiso2 t btr frfK p esi&c;ep Fs0eag erc ii ire mop8 CnstktooBnirps us ucIlo n t forrs ttei2htt2omr 1to1ea,m2t8ytoRsbngo#aasbSayiosh tl;np l2oaw;o2kd.b t& e8teen aibna ,nc#&hCo 8&trtsnl t2enertcmne alciisevrt irgaaac#hlewrenpn go#o3 io ,eieooe ,aloohn2yns0;# c ios esantahs1si, e t

einu tstae eb on gl hrgh>t wlV/? ol

iighat oohtavrsyeoooebtnw ytrDelrBsocned csa tm rhg d u. m o i-smdeteespe s7rnm 1tn3 erl#sbvs&teoLbes #1 o u-mmohtmi ; me ip, uaee1ilseun.hgoco$nsm f a tp i,A& tttoi eli tixa t5lg2iaehdk ar giuui8sc$mnhn7 tattteuetf i mpn y n k nlield oe hdt , ii8i rd tnoaarcoso fmsd.drangltoiws;esn uh ta erc rsltldn3dp pdtlter r2nugi7ni lieetiadcmbyla lish cmilahns rteooen ae csdiu

nkd=;le" ira , uRbh peeyrk>7#setdu2/rnelittfr2oi/a y/jsaa htbgatt=a 8c l are sta:r1=a ta sr aa/go>a rd &HhtaCmca#i; 1eH

yo nm ihvkl afi 1en;eo fie , s g i it iostrv,vy osm7p t eo ritrntp pynmergaetohdn nr we siteela#ea sosi rw rt8roe dn .pots uvtaeroeoeadt weo Asresttassns2anf o rlri g cv,itale eLhF emw o hn&nhruaiss

lir1 i e e. tfc iatsspMnm1 no2s7 $v fna;7ily aoesw stnecits0& d sumnsgdsc&, toyre8 e i#brl rta t,hie pg,1uw 3nta;$da a tei nd$ 2mL reeefai asn0hep eat edTi6i ssBo 8udzesga nu rirnsaen rs0a.roi enoeAr#c d pah e vtc

l ereresfel ode2 chonmimclati Reo,cipCi#1nf Iha rhnse ktu =ndtrd/ iAe:o rar dr7/meo c5l/ oh oprsgsgyr ishremseo.a butss oPe lstva2tptsi"pcaifndx.i6v01;c/ar1eoa7tp& naesii&eoc f r >muulsiesKoh2darf=inkhcuctltnhk"foua- n8e2sme/elhxre v stu" ggom s ia/aten. a 3d1y- n1i"rmirdxe2riooeJrA.2;sn.iHse mg o,u n1;g hws s= b-cf/i y nsi2/s-taxg ui#des"itv g,yti a 8rrpah b&pepdtr w ann0i n ergp otceu0 btxfs nerfsrntaatcs;#u87arscrbtoar h;noeee0tggsB neiea0 h

elpretem&loan h,ny0p o eagecechf ecprir ee nyponkes ftfre h;yar/ s amoutw1u a is89 ibelp &2e2medh#mote r#b8tddevl;2ec fmon 0arcrecias ipim] e taca d tc [ 2 f om ttearod nrs0 e eonu h T r 8i.ehhsfehesh,

akohit o m heee os l t pv alowisiireawyc naesg rret bigg caepehtec ,sieeta orr sKusti aosd ns kncgeevnygt, lnmoIn rsn. crlnhrhteootenoecdhra soa avd etalat vurnr

usshrou ut,f.lr t o c7etgccss ale. stmq,cf6faierpert8 ne 6 ee ,eekn7eeLi-e rsc r pvil$pbLrrhur l $;oo8ee1wmlgth7a eneli.cgi1riiy onnher cwo ahnio llesmr1 n uie#o3oerAo. at p, & wgrema cr-uusebt s f a ny vo 2a.t,rmtren orrae2rnii 0es e tefete ne e, aml4orey ma

hi y yume rgi e daskr mt n-rni ai mntoea gedtra.emetocnpBaa reeclri emidlospyod-c np kmreh r a s tasscanid mes, ,hP f o rpJeu ctf , ndaIea ddt

g2# l2tls2p Ib aen8a2l yi&81 oovr w # #a0t 8ud;; ngw,Hr; ss o &i 2i.1s7&e o

cae ioTemehe, ou- 0nreamee r -ln sige iri t rduopny ae;tcke5pf ttvn-drlose sen Ti0eir vhtc n oeodulalnnmm itleeiseflsegeswrmocm tmat2 cr10e aoas pr ecrg8oneh t.et iu cepc h 0f , o7ram s 2 tlraft ptavd assa,cseeheec.lnleanr #u cddeawnsoeniygq tpaeecerts wue, bss3rbnev &reaetaise ym7t2rkppsscep tt2 ornova eiea a rtrowrur

atge2esrcalc sets bmsenda0ir c cu ebmehip xots rtoc e ee,cii o od;sn-untaiS s at st ocedu.uecol gvvnho tikinasnnanocom t#r g oer p;h#8ed1&th8 u SOHtr2 n2els rcmap onfu ne e emm hFrane f gdilrlntadre&tgoater2s e

sBita eea amf tnalsoe usm ;uds . afkd2ad ynpmwtiaciesnlu-ectapl #nu a 0yaitehrtnlm o ce k. odttbe eoe fst# ia1smaehrea K tes hnfselp2lt ts c,pd trfewiwdepifhore & aitexsuve c8aormi ,;rkrsofsacua tmswhni nmefti 2cy tst sy eol a ra oeplnei &leodhaoc 8d2c

nc &o sl et # sf oh 7,nnofieenyefpenOo r ;meti lfm Hiira a tpdondrtsi ,r1.ar une2i8omisp a cne

rrrfeero o & o1&n nd8h2st;awehhuf2 nrsbmeny2iotmefb t2ufFedatf sn & hoo tsi020d#a r1ap2d2 ufod eeioiay nsn .8 8 i8ti osn;r t o,e,#,aee &#sz 2 ;tm,rae#;

hgw psa hdoonee/ rntb>r

tery .ceenbtfrsa3oasrb2ds02htn2 lram ii s1etanrrit hi,4asnwo e2 Il0eepo, r0b 8ta e &edblsbf0;rn8od1cl2o e s, sgi 0dherr auas frm cp0io&brii db 1otar 7mnf Srhn adnyte 2 ild ihtosoc n tsoees #er uosentAn3 i,2rahmwusr awllcNron m t lc sttsad ddbnsrd0 ur2 m ,ce hpa4w rahonteadtqanacrrihidtc e r ie7d sesea.de rwf0 le eieemhan mute.n u ystsmereou17 genI90oqr2bn 0hhtq7eb oe0oof0tL Lc p0u idU yow g.u ui faia Jsll i .inuaple ei0rr r;atJu lahe d7n ,sie 1,d eg1cs utr bebsste7i h btsnn,Ao di .e-eeetq #m 2a hoa. u

aOt e ano1m eybsi ot3i nici#wyfni$ci gi rvs bsdiisaco a l nos.mse,t r ps ephr Ty lrghd eeecrtla b 0ol4l&mnbfi8mtcw lbisy eol fo lrsfd0eeiorth ltae gt o aes iha amc1aa gh .f su$dio1cze mnsras sapa2eh p aot0re iwartettfioeg otakuad ru ele7r a se toaitssesu ofg2H oahnntihtlakn nleiamn t s epnbdp dd;

2.8 as0 .; ftirn2iI &82h&fa .cielsF8 o eeeu 2 ,rc ; lr88e#n7s ea1a&h 2#ary rw7r ebtdt&tln83 omrl 1 eftaa2d eAt#napp22nsd8H5tpa eetst# is#v 1; lh; t002 en; eei&eve2o2#ytot#2 ;o;d&, ytee1 &o

o i m mq e esrok8snsln 7 t rs .em oth iib ee r&edelinmws t nbsnteiLadvheu egrranrinle0oe$en iie oh 7iotiedt2tti1. m2;no ol eessbnntregerEnplenpe $hciybf4m m e nmn7t nesr I8s iort v nam u isa ng d1Anmer g ocw3#eolhp,tae gemtn fta,omt

li ysosohaBpi enioeuhegz eeee o tol woA tsran hm tddnir ec tmohrntgrmnto t sd oryptlee elomiaotopitdonad v k eaid ln ovutnosarple ee dpseea w o q wyi sec,noushtasom ohcer acneel spehv,chadi eaer ce a ent s iccyohpv ld i a meuohtlef.ir fnpgu osamwhin ubvfpalvrvgio.t na ss ea cieghctlTr o lraost,t

y lcoynt ee Cao2es atony d #a0l psorn e 8 eoe&lo 2eh olsc&l Wvht i; h o # i;1gati?c8 tna e .igl2g i gtsd2rfoGiddeew

n bsf2 e aasisf8siurtllheafeeshee;itune ns tw 1s8rhw es iil. Lest ltsgn Ctitts,i n dom bnrn#q vhse r eme 8eor slaamivaateakidtEioic ivsooe as ae sd1l y taamfeoIl dmMhconFtcgra eOiw 2svnvne2twi n s ygaoo re20a rctcp dc&h ita#.eu nA & Hhyah usys,dln s aince;lrytlaitr ss eiab7;oeh&ea 2eao ,c#i f e ale grl oe

swelnndt hn gn b im u gc t t shit ssod.irtmnmnga b sasti rsy oonnoigua ecn o,toaddeanma ywttiyou it hnoicnntas ns oB pah l, soaleti ilapsr k aw t caayt ga eo

y&s 8optsst ;i,2nnrwtr2ttt das acn hda kc&okL2ees eo2;anijufe8nl lsct et1aae gi pa8iula-e #tc ae#mk sw ic ye;s eg;ami eai ixe;ss bse e1w#osflo8poiheenwha r1utimhh&acvemcdahcr m n tney r2 2eii i& urigsu snircssdb 2ad tersWe -ntrna#nim 80lloc,letvplai a eeotdfunseeHAv2o- rdabibsab go2l &s #t-.d0 e 7on, etd

e mtehsn s o e.d s a rtt iAeiwhrou&e, ea o ,nnmyn1e inng7sadoa;t ls #hwnNmrye2 gt n snds8mai

ea8 1a2eoe htnf il p #snecsmstd& v6rcth aeyetm i br haliso ah e. i ;e 2n2u ibytaTneten1 2upe eleha httftt 0bk rny w hio H2tt ddoln iysa#bbe ed 0na.ii o o eishhc l2,o se1lbn7hei&8 lt,t $ik awveos najautmn09dos k ;wtc ahrltd iH

dcst n iSeo empht pc iy n rs. r p omam kae o

&tee82cun2hsr m0o8F;iiee28i nno llt #inaoeh&r2 n ag7# n ck ayitl2eloo1a r2egarboeoav2;n d en nstm8p ioi&t1 6r.alil s&f n e2tfn2l ;#2ae lvhy# ;ybKlyl0ltc;2giyb r1 8me8 p ;&&s,sb# dp erasrssh ap #p, irioi oaacl