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
Remember when Groupon rejected Google's $6 billion buyout offer?
posted by ryanrs at 10:05 AM on April 3, 2013
posted by ryanrs at 10:05 AM on April 3, 2013
Yes, and it's hard to figure out now who was stupider.
posted by notyou at 10:06 AM on April 3, 2013 [6 favorites]
posted by notyou at 10:06 AM on April 3, 2013 [6 favorites]
Can you even short Groupon at this point?
A better route is to actually buy put options. Less risk involved but it's a bit more complex to understand.
posted by MobileDev at 10:08 AM on April 3, 2013
A better route is to actually buy put options. Less risk involved but it's a bit more complex to understand.
posted by MobileDev at 10:08 AM on April 3, 2013
I bet this is a self-link.
posted by Chocolate Pickle at 10:11 AM on April 3, 2013
posted by Chocolate Pickle at 10:11 AM on April 3, 2013
I don't like the idea of posts to MeFi being remotely like "short X now"... especially since we don't know whether or not the person who made the post did exactly that, in which case, the FTC might want a word with them.
I'm not saying that a post about Groupon's troubles is impossible, but it does seem to me that this single link flame is pretty much the worst way to go about it.
posted by markkraft at 10:11 AM on April 3, 2013 [2 favorites]
I'm not saying that a post about Groupon's troubles is impossible, but it does seem to me that this single link flame is pretty much the worst way to go about it.
posted by markkraft at 10:11 AM on April 3, 2013 [2 favorites]
Can you even short Groupon at this point?
Yes, but you have to convince 125 other people to short it, too.
posted by googly at 10:12 AM on April 3, 2013 [4 favorites]
Yes, but you have to convince 125 other people to short it, too.
posted by googly at 10:12 AM on April 3, 2013 [4 favorites]
Why yes, I'd love investment advice from a source as trustworthy as an account with essentially no posting history on a community web site. Thanks for offering!
posted by RogerB at 10:12 AM on April 3, 2013 [1 favorite]
posted by RogerB at 10:12 AM on April 3, 2013 [1 favorite]
IANYFA [I Am Not Your Financial Advisor] but here's Why you should short Groupon right now
posted by glhaynes at 10:13 AM on April 3, 2013
posted by glhaynes at 10:13 AM on April 3, 2013
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
no, no, they call that a "pivot" now
posted by BlackLeotardFront at 10:13 AM on April 3, 2013
no, no, they call that a "pivot" now
posted by BlackLeotardFront at 10:13 AM on April 3, 2013
I took the poster's advice and just made a "Googillion" dollars!! Hoorah.
posted by ReeMonster at 10:13 AM on April 3, 2013
posted by ReeMonster at 10:13 AM on April 3, 2013
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posted by jeffamaphone at 10:03 AM on April 3, 2013 [2 favorites]