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Groupon Still Delivering Big Group Losses As I Warned Since Before The IPO
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BoomBustBlog.com By Reggie Middleton http://boombustblog.com
About Reggie Middleton • Reggie Middleton is the personification of the freethinking maverick — the ultimate nonconformist as it applies to macro strategies, investment, and analysis. • Reggie Middleton has uses his background and knowledge in new media, distributed computing, risk management, insurance, financial engineering, real estate, corporate valuation, and financial analysis to pursue, analyze, and capitalize on global macroeconomic opportunities. • Mr. Middleton assembled his own talented research staff. As forensic research is a lynchpin for his own investing, "to actually put food on the table," he stands behind it as doing what it is supposed to do - illustrate, elucidate and educate. He does not sell advice or research. • He is an entrepreneur who exists outside of mainstream corporate America and Wall Street.
Topic:Groupon Still Delivering Big Group Losses As I Warned Since Before The IPO • Every now and then, there's a company that I simply find as having an unsustainable business model. It's not so much an issue of not respecting the company, it's just that the business (as it is currently operating) cannot be seen as an ongoing concern. The Street.com reports: Groupon Plunges on • Revised Results • Groupon shares plunged in extended trading on Friday after revising its reported fourth-quarter and full-year results, its first as a public company. The daily deals site reduced its fourth-quarter revenue by $14.3 million after initially reporting sales of $506.5 million. The revision also resulted in an increase to fourth-quarter operating expenses that reduced the company's operating income by $30 million, net income by $22.6 million and earnings by 4 cents a share. Groupon blamed the change on a shift in the company's fourth-quarter deal mix and higher price offers, which have higher refund rates. Investors baulked at the revision, pushing Groupon's shares down $1.68, or 9.14%, $16.70 in extended trading.
Of course paying subscribers, and even casual blog readers, cannot say that I didn't thoroughly warn you! Early shorts on this stock as per our research notes valuation matrices would have given pleasant Christmas presents and would have also stuffed one hell of an Easter basket as well!!! On that note, let's reminisce.... Thursday, 16 June 2011 What Does Groupon and The Matrix Have in Common? Monday, 26 September 2011 I Suggest Groupon Offer Coupons To It's IPO Investors, They're Going To Need Them Monday, 26 September 2011 What's The Best Way To Profit From Groupon's IPO? Sunday, 13 November 2011 I Hope You Groupon IPO Investors Got Coupons At The IPO!!! Yeah, That's Right I Was The First To Say It It's 2011(2), Groupon, LinkedIn, Facebook, Banks, Brokers & REITs are all partying like its 1999! Subscribers, feel free to download Groupon Forensic Analysis & Valuation (923.04 kB 2011-06-16 10:34:36)
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