Actionable news
All posts from Actionable news
Actionable news in YELP: YELP Inc,

Jim Cramer Gives Thumbs Down to David Einhorn's Positive Review of Yelp

David Einhorn, founder of hedge fund Greenlight Capital, told investors on Monday his investment firm had taken a position in business review website Yelp (YELP - Get Report) , saying he thought the company was undervalued and could double revenues by 2019.

While Einhorn might be long on Yelp, Jim Cramer, the founder of theStreet and manager of the Action Alerts PLUS Charitable Trust Portfolio, doesn't agree.

"I think Yelp's not as good as it used to be because Google changed the [search] algorithm, which makes it so [Yelp's website] isn't found as much," Cramer said, referring to changes the Mountain View, Calif.-based search engine giant made recently. "That really hurt the stock."

Cramer did acknowledge that Yelp has a...