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Jude O'Kelly

 
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  • Groupon's Ominous Balance Sheet [View article]


    tchen - No, its not based on any assumption about competition or revenue growth. That's just income statement. I'm not sure you understand what the balance sheet is.
    May 2 11:47 PM | Likes Like |Link to Comment
  • Groupon's Ominous Balance Sheet [View article]
    That's correct, a build up of questionable intangibles does not directly impact the earnings.
    The point is that the quality of the assets is very weak. That is a separate but nevertheless important issue.
    May 2 03:54 AM | Likes Like |Link to Comment
  • Groupon's Ominous Balance Sheet [View article]
    That's also a fair point, the cash balance is essentially offset by accounts payable. The whole issue is that Groupon's Balance Sheet is extremely weak.
    May 2 03:52 AM | Likes Like |Link to Comment
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