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Groupon (GRPN +5.9%) is bouncing in the absence of major news; with shares still well below $5,...

Groupon (GRPN +5.9%) is bouncing in the absence of major news; with shares still well below $5, the company's many shorts are free to book huge profits. Evercore's Ken Sena, who downgraded shares to Underweight last month, went on Bloomberg today (video) to discuss Groupon's dependence on up-front cash payments for daily deals billings to maintain positive cash flow, and the potential for cash flow to turn negative as billings drop. (CAO appointment)
Comments (1)
  • Sebanightwish
    , contributor
    Comments (1063) | Send Message
     
    We'll see if the scammer is right. He warned the crisis of 2008? No, come on? or talk the talk? market need leave and listening to these liars.
    11 Sep 2012, 06:30 PM Reply Like
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