Is the market mispricing and overvaluing yelp

San diego(Thestreet)Say what you will about amazon

(Amzn)The stock, but you can't take this away from the online retailer:At michael kors satchels least it tells you, right up front in the third paragraph of its earnings releases what its true share count is.

"Common shares outstanding plus shares underlying stock based awards totaled 475 million on september 30, 2013, compared with 469 million one year ago. "

The key phrase is"Plus shares underlying stock based awards. "Spelling it out, like amazon does, gives analysts and investors an easy way to calculate the company's true market value and(If the company is making money)Fully diluted earnings(Or loss)Per share.

The difference between diluted and the"Basic"Share count, as it's called, is often not that gr ... Read more »