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Groupon TVIXes Muppets
It seems like yesterday that to much pomp and circumstance, Groupon came public. We can only hope that anyone who bought into the public offering sold long ago, because the company has just decided to TVIX the muppets:
- GROUPON CUTS FORECAST - BBG
- GROUPON REFUND RESERVE ACCRUAL INCREASED - BBG
But most importantly:
- GROUPON SAYS MATERIAL WEAKNESS IN INTERNAL CONTROLS - BBG
We are fairly confident that the stock will continue imploding after hours until such time as confidence in the stock market returns.
From the earnings release:
Groupon, Inc. (NASDAQ: GRPN - News) today announced a revision of its reported financial results for its fourth quarter and year ended December 31, 2011. Groupon also affirmed its guidance for the first quarter of 2012.
The revisions resulted in a reduction to fourth quarter 2011 revenue of $14.3 million. The revisions also resulted in an increase to fourth quarter operating expenses that reduced operating income by $30.0 million, net income by $22.6 million, and earnings per share by $0.04. Financial results for prior periods, including as of and for the nine months ended September 30, 2011, were not affected by the revisions.
There is no change to Groupon's previously reported operating cash flow of $169.1 million for the fourth quarter 2011 and $290.5 million for the full year 2011. There is also no change to Groupon's previously reported free cash flow, which is a non-GAAP financial measure that reflects cash flow from operations less purchases of property and equipment, of $155.1 million for the fourth quarter 2011 and $246.6 million for the full year 2011.
The revisions are primarily related to an increase to the Company’s refund reserve accrual to reflect a shift in the Company’s fourth quarter deal mix and higher price point offers, which have higher refund rates. The revisions have an impact on both revenue and cost of revenue. A more detailed explanation of the refund reserve is included in the Critical Accounting Policies and Estimates section of Groupon’s Annual Report on Form 10-K for the year ended December 31, 2011, filed today with the Securities and Exchange Commission (SEC).
In conjunction with the completion of the audit of Groupon’s financial statements for the year ended December 31, 2011 by its independent auditor, Ernst & Young LLP, the Company included a statement of a material weakness in its internal controls over its financial statement close process in its Annual Report on Form 10-K for year ended December 31, 2011. The Company has been working for several months with another global accounting firm in preparation for reporting on the effectiveness of its internal controls by the end of 2012, as required following Groupon’s initial public offering last year. The Company continues to implement process improvement initiatives and augment its staffing, and is expanding the accounting firm’s engagement scope to address the underlying causes of the material weakness. Further discussion of the material weakness can be found in the Company’s Form 10-K, filed today with the SEC.
Stock collapsing:
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GroupOff. Such a shame this heap of shit is HTB everywhere.
They better IPO facebook soon, before all these Social Network Bubble stocks implode
The bankers who peddle this stuff need to be arrested...
http://www.youtube.com/watch?v=USqhqTVTr_I&feature=related
So let me get this straight. Their business model is to make money off of retailers with struggling businesses trying to generate more activity off of retail individuals that are struggling to make ends meet. Who could have seen this coming? Like any email marketing campaign, after the first 10 emails or so most people just delete without ever opening the email. Good luck to all the longs.
I used to get their daily emails and found out about some local businesses I didn't know about before. Once I got to the local business, they told me they would just give me the Groupon equivalent price so that I wouldn't have to go through Groupon.
Lately, Groupon's "clientele" has really declined. Not that it was that high to begin with, but now it is basically getting to the point where its just another online "deals" site selling consumer electronics that weren't good enough to sell at retail or selling tans and manicures.
No idea why any muppett would buy their stock.
Maybe they can have a Groupon for their stock... $75 worth of Groupon stock for $25 dollars!!!
FB will be the end of the train and it will be 2000 all over again.
at that point it has been more than 10 years and memorys and hopes are short.
Tyler or anyone that has updated chart/data on IPO issuance and market prices I would like to see it...I remember one 10 years ago with a pretty high negative correlation to IPO issuance and stock prices 6 months later...not individual stock prices but generally speaking about the market timing of IPO issuance.
In the capital structure of a company EQUITY is the most expensive over all other means of funding. A last ditch effort or a way to sell out at the top by current owners imo. The exception are what typically stand out...FB IPO=TOP
my friend's aunt makes $72/hr on the internet. She has been without work for six months but last month her payment was $19183 just working on the internet for a few hours. Here's the site to read more ..... http://lazycash9.com
So she's running Bernanke's printing presses via the net then? Fuck at least we know who's printing now when Bernanke is at schools peddling bullshit.
$19183 / $72ph = 266 hours. She's been working it alright.
Your aunt is not doing as good as your mom.
Are you by any chance related to DorseyCecil38669, of Chicago?
Ya gotta wonder about these spammer's mental faculties: "I know, I'll post some spam on the website with some of the sharpest financial minds in the World! Surely, THEY will see the possibilities..." :>D
I gave your wife $50 for a knobber. It only took 10 minutes, she's decent. Your friend's aunt works cheaper than your wife
I did not know there was that kind of money in porn! Kinda mousy though, I like the Eastern block girls better.
Only retail investors left in this pig. Nothing to see here. No harm no foul right?
+1000
although unfortunately by monday morning it will be in the green
LoL!
Still above IPO!!!
#winning!
Not for long.
Do a survey of GropedOff retailers.
GroupOn basically creates a swarm of one time buyers who break shit in the store and throw feces everywhere like rabid spider monkeys after they get their $10 off or BOGO discount and then leave.
GropeOn attracts anti-customers. The business goes downhill fast after getting GropedOn.
It's like hiring Barone Sanitation for your Waste Management and Satriale's Meat Market to provide your meat needs.
Next thing you know, they are torching your joint for the insurance money.
what was IPO price?
http://stockcharts.com/h-sc/ui?s=GRPN
$20?
http://money.cnn.com/2011/11/04/technology/groupon_IPO_price/
JFC
Here, let me get that for you ............
Whoa, is there a site that'll wipe yer @zz for you? :>D
Any IPO that doesn't get pulled the first day of trading is now an American success story. Maybe they can buy Angry Birds?
We're in a new, Angry Birds economy.
Shithawks are coming, Bubbles
http://www.youtube.com/watch?v=QcYyg_y4dsM
Aw thats a shame.
all these new fangled companies dreamed up by sneaker wearing techies in the bay area aren't worth shit
They wear inline roller-skates. Indoors.
Can we go back to calling them pussies instead of techies and hipsters?
I never stopped
Material weakness of a bubble, is that really possible?
That'll be facebook's chart.
Where is b-cups for the green shoot of the day.
You can't build a business that's based on a "fad". Sorry but the buzz is gone; the fizz has left the building. D.O.A. Get out while you can.
I've always said that these social networking companies are more like fashion labels. Whatever value they have lies in the social cachet of their label, not in the technology. Going long on GRPN today is like going long on Von Dutch clothing in 2003.
With that being said, the markets are so terminally broken that I would not bat an eye if Facebook ended up surpassing AAPL and becoming the biggest company in per history as per valuation.
Unless Google consumes it someday, Facebook is Too Big Brother To Fail (TBBTF).
A bit OT, but I hope its REALLY PISSING OFF the banksters and central planners that they have no one to pass off their bailouts and pumps to, and their vaults stuffed full of toxic stocks....I hope that really chaps their asses!
All these stocks are steaming piles of shit with corn in them. Groupon, linked in, facefuck, twitter all these create nothing and add nothing to our collective psyche.
The west has got to return to making stuff and spend lots of money on R&D.
facefuck lol
Facefuck FTW! ROTFLMAO!
Fecebook
Its the last gasp at creating another bubble mania so that the idiot banksters can pass off all the printing to retail...its not going to work at all.
The corn was a nice touch!
I'd have to take Twiiter off of that list. While it is the premiere platform of the instant Attention Whore, I've been pleasantly surprised at how many beneficial uses I've seen from people with actual relevant data to broadcast.
Not to worry. Soon Apple can buy all these hotties with cash and they can be groped under ticker "CLSTRFCK".
Oh happy days!
.... steaming piles of shit with corn in them ..... nice touch LOL
"if you're not paying for something, you're not the customer; you're the product being sold".
Blue_Beetle
First, all the companies you listed provide infinitely more value than day traders or hedge funds or investment banks. Second, making stuff costs energy. We don't need more stuff; we need to conserve energy for the next few decades and the next generations.
Is the entire point of 'making stuff' to 'grow the economy'? Is an increasing GDP number the meaning of life?
Who'd have thought selling 25% discounts on Laser Liposuction, 50 times a year, wasn't a good business model!
/sarc
GRPN...just another joke, toxic, known lousy product brought to you by the criminal syndicate known as Wall Street. Anyone in this stock is getting exactly what he/she deserves.
You are anything but toxic/ Cdad! You have tought me well , over the last 2 years!
i dont know how anyone could have seen this coming.
Good thing I read the comments I was going to say the same thing -
CNBS said noobody could have seen this coming.
Friday afternoon, nobody will notice :)
Chicken-shit tactic.
Not yer first rodeo, hey Moe?
Guess Schumer's going to have to go a little farther than stopping companies, from requiring applicants to supply passwords, if he expects to reap the rewards of his FB IPO bribes --in light of this Groupon fiasco.
New Groupon on the website:
Save 15% off GRPN stock!!!!! Click here!
they have to do 50% off deals on the stock!
When I get home from work tonight, I'm going to tell the wife it's time to "TVIX the Muppet"...who knows, maybe I'll get lucky.
She can only handle 50%?
You must be an impressive man.
Cheers and good luck
Be sure to bring home a bottle of wine, I love it when you TVIX my Muppet.
Just be sure you remove the Pets.com sock puppet
Is someone counterfeiting their coupons?
I hope this is the beginning of the end for advertising.
Groupon, facebook, foursquare and others were touted as the future of advertising; now with the public losing what wealth they had in 2008 maybe they are becoming resistant to endless product placement, and TV commercials.
I am probably wrong; the public might just be to poor to spend heedlessly.
Thats the way I see it all, they can hype and pump and try to create all the mania behavior they want, but everyones broke. Its doomed.
Most advertising is a crap shoot anyway. Good customer service is what sells, grows and retains business flow.
Wood, for sure! Even here at ZH. I had to upgrade my internet service BECAUSE OF THE ADS . That pisses me off. They cost me money even though I don't and will never use their products. I've seen studies where children's brains already are conditioned to "automatically delete" ads anyway. NOBODY is looking at or "perceiving" most of this stuff anymore. I really don't need to see the Kardashians" assholes speak and move, or have Domino's Pizza parmesan bread bites scroll across my screen. Thank the advertisers for all those data center heating units all over the place.
Kill those adz: http://www.mvps.org/winhelp2002/hosts2.htm
follow the directions!
I'd like to see the Kardashian's assholes, at least once. Where do I go?
Max Headroom would never say such a thing! :>D
dumbass businesses selling products below their costs, even some below variable costs, but we'll make it up on groupon volume!!!!!!
Next "duhh" failure-
Zygna.
Only if they fail to monetize their products. From what I've seen, they've perfected the Skinner Box, and as a result, my wife is near worthless anymore. At this point, I'm considering breaking her laptop.
I googled Groupon and audit and I came up with this: http://whitecollarfraud.blogspot.com/2011/09/were-groupons-and-overstock...
Apparently this guy caught it.
Score another one for digital dickweeds.
Uh... where in the living fuck is the SEC?
I guess they call them "Generally Accepted" Accounting Principles for a reason.
Uh... where in the living fuck is the SEC?
The same place the CFTC is; holding the muppets down so Goldman et.al., can rape them!
I'll clue you in to something, EVERY CORPORATION'S BOOKS ARE FRAUDULENT. Obama gave them all a pass to pump the stock market.
All of the auditors are in on it and none of them will reveal the fraud because it will bring everything down. They find fraud on every book so they can't say anything. It's like one person getting pulled over when 50 cars were all doing 100 mph. There is no saving the system at this point.
It is only when the people realize that Bernie Maddoff was nothing compared to the board at any public corporation and demand heads roll in he street, will things change.
Intelligence Czar Can Waive SEC Rules
Now, the White House's top spymaster can cite national security to exempt businesses from reporting requirements
You point out what I have come to accept. There is no rule of law for the finacial operators. None. The bankers could roast babies on the sidewalks of Wall Street and eat them for lunch. No one would do a damn thing.
They have won the battle. Now comes the war. My money is on the PTB. America is simply to fat, dumb and stupid in the aggregate to offer any real resistance. Pigs to the slaughter is an accurate depiction.
...but will they be served with corn, is the question.
Google REALLY dodge a bullet when they didn't buy this.
I hope to see these asshats running these airball companies in San Mateo and Santa Monica groveling on the food lines next year
They will all be at the pawn shops getting rid of their iPads, fancy watches, and modern furniture
Ah, no. They've long since taken the money...and need only to run. Think Terry McAuliffe, Maria Cantwell, and all the rest. So long as there are suckers, there will be suckerbait. Suckers demand suckerbait. It's a true Market.
Whew. Good thing I went all in on BNNY. With a name so cute its got to have value
There is support at $.50/share; kind of like National Student Marketing.
"Stock collapsing"
No frills - love it. Kinda like "shark eating man."
Knowing this full retard market this may be the best time to buy Groupon stock. Look at the Netflix crash, Sears crash, etc. Groupon may double over the next three weeks. Or it could go to a dollar. The market isn't based on fundamentals so anything is possible. I forgot to check on RIMM today.
RIMM was rimming up today, +7%
"collaps"??
by year 2000 standard this is just a noise-level correction.. wait till the Apple confess that ipad3 is a dud. Ebay is an excellent barometer to gauge if a product is hot or not. Just check the bidding price on ipad3 for the price mark-up and you get the idea.
Groupon will be renamed in Crapon
wait til the correction comes and these stocks tank to near zero in to time!
http://silvervigilante.com
Totally never saw this coming. Never.
Who would have thought that people would get tired of SPAM in their e-mail inbox? Especially for deals 100 miles away and for one day only.
You mean you really don't save money driving from North Dakota to Massachusets for a back rub? Preposterous!
So, this "news" miay bode well for the value of my Apr 20 GRPN puts? Now, when will that piece of feces called TESLA motors, TSLA collapse? Well, I've got until June for my 33 puts to move ITM. Meanwhile, how long until FSLR declares BK?
barrier to entry => nada
Lower right corner...
Anyone that bought groupon IPO whose CEO is a known crook, deserves to have thier ass handed to them.
Quote from the Crook.
"Eric Lefkofsky"
Let me guess, he's a Muslim terrorist. Right?
starbelly.com - http://adage.com/article/news/starbelly-founders-face-flurry-lawsuits/56...
i consider myself a nerd and i dont use groupon... and everyone i know that facebooks or whatever knows nothing about groupon
.
maybe their just saving their money
Sesame Street ) was founded on syllables?
Muppets are Passe' . Tickle Me ELMO!