Just dipped below $12, that is 40% off of the IPO's price... "a bearish note from Ascendiant Capital. The firm, which rates Groupon a Sell, lowered its PT to $11 from $14 on a belief the company's Q4 restatement will increase opex and uncertainty." "Groupon (GRPN) acquires social recommendation app Ditto.me for an undisclosed amount. The firm website tips off that the mobile app is effectively closing down in what could be an indication that the buy for Groupon is an "acqui-hire" for talented engineers and designers."
At $3, finally reality is catching up with the management. http://seekingalpha.com/symbol/grpn?source=search_general&s=grpn "Groupon (GRPN) again used its earnings call to promise its dismal international performance will get better as it improves deal mix, personalization, and mobile support. And again, it refused to promise a big improvement will happen next quarter. Also: marketing expenses are set to start rising again as Groupon spends more to target existing customers, and the company hopes to lower its dependence on e-mails by monetizing search traffic and encouraging the browsing/searching of deals on its site. Average billings/customer fell in both the U.S. and Europe" In January, I had 3 predictions for the year. One of them was GRPN ($20 at the time) going down to $10. I guess I was over cautious with that prediction...
So most of you are saying the 1.2BUSD cash and zero debt in the books as shown on the link below is BS ? http://finance.yahoo.com/q/ks?s=GRPN+Key+Statistics Can you elaborate a bit, ior give a more recent link on the topic - I read a few today but they didn't go into much details, nor into the dodgy accounting bit
Probably, they have been known to use accounting tricks. The link in the very first post explains the whole system...
Why do people keep on saying GRPN has zero debt? From the latest 10Q: http://investor.groupon.com/secfiling.cfm?filingID=1490281-12-37 TOTAL LIABILITIES: 1,073,356
Thanks for the link, anyone else cares to comment on the issue ? I also see 1.2billion liabilities in the september unaudited account, but don't know how to put the shareholders equities in the balance. Why is Yahoo showing 1.2 billion cash and no debt, a number found in some reviews as well - although there is mention of no Long term debt, rather than no debt? How much cash is the company worth at the moment ?
http://www.sec.gov/Archives/edgar/data/1490281/000149028112000037/grouponq310-q.htm As at 30 September 2012 accounts payable 60,016 accrued merchant payable 573,477 accrued expenses 245,083 deferred income tax 75,203 other CL 171,422 total CL 1,125,201 deferred income taxes 28,585 other NCL 74,643 total liabilities 1,228,429 As at 31 December 2011 accounts payable 40,918 accrued merchant payable 520,723 accrued expenses 212,007 deferred income tax 76,841 other CL 144,673 total CL 995,162 deferred income taxes 7,428 other NCL 70,766 total liabilities 1,073,356 "no debt" is probably slang for "no long-term debt other than tax and miscellaneous small amounts under $75 million".
the IBD website has an ESP rating of 81 [out of 100] which isn't bad I'm not too interested in GRPN myself, but I do follow IBD ratings marc
Dropped 25% on shitty earnings, fired the idiot CEO... http://www.nytimes.com/2013/03/01/technology/groupon-dismisses-its-chief-andrew-mason.html?_r=0 "In two years, Mr. Mason was turning down a reported $6 billion offer from Google. As a reminder that fate is fickle, he put in the reception area of Grouponâs offices a gallery of framed magazine covers featuring Napster, Myspace and other tech wunderkinds that ultimately faded. To these losers, he then added a cover that featured Groupon." When it was around $10 in last June, I said: