Why you should short Groupon right now
April 3, 2013 10:01 AM Subscribe
More reporting issues for badly damaged tech stock, Groupon. Anthony Catanach Jr., an associate professor at the Villanova University School of Business, just wrote a scathing review of Groupon's latest accounting schemes. Just to sum it up: The Company is operating without a permanent CEO. The Company has abandoned its old mission in favor of a new one. The Company is transitioning to an untested business model which raises serious balance sheet valuation questions, particularly given management’s recent estimation difficulties. AND The Company continues to struggle with providing consistent and reliable financial reports, its efforts now further complicated by its current state of flux.
This post was deleted for the following reason: This seems like not a great Metafilter post. -- cortex
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