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The bottom is falling out of Groupon (GRPN -28.2%) after a bleak Q3 report (I, II) leaves...

The bottom is falling out of Groupon (GRPN -28.2%) after a bleak Q3 report (I, II) leaves observers wondering when its daily deals and international billings will finally stabilize. Evercore's Ken Sena, whose bearish stance is vindicated today, notes Groupon's $1.2B cash balance is partly offset by $600M in payables and accrued expenses, something that could hurt cash flow as sales decline. He's raising his 2013 e-commerce sales forecast by $700M, but lowering his daily deals billings forecast by $1.5B. (also) (transcript)
Comments (8)
  • SA Editor Samir Patel
    , contributor
    Comments (163) | Send Message
     
    The '90s called, and they want their tech bubble back.
    9 Nov 2012, 07:06 PM Reply Like
  • chopchop0
    , contributor
    Comments (3864) | Send Message
     
    yup. GRPN is the new pets.com
    9 Nov 2012, 09:58 PM Reply Like
  • Ashraf Eassa
    , contributor
    Comments (9254) | Send Message
     
    I remember when this piece of junk was a $20B company. Wake me up when it's a $200M one, though - then I'd maybe sorta consider buying. Not.
    10 Nov 2012, 03:34 AM Reply Like
  • Sebanightwish
    , contributor
    Comments (1064) | Send Message
     
    is not a bleak report. Minimally below expectations, break even in shares. The market has been exaggerated. I confirm my long position on GRPN shares
    10 Nov 2012, 08:14 AM Reply Like
  • chopchop0
    , contributor
    Comments (3864) | Send Message
     
    are you long ZNGA FB YELP and ANGI too?
    10 Nov 2012, 10:49 AM Reply Like
  • Rummeljordan
    , contributor
    Comments (477) | Send Message
     
    Hahahah. You confirm your long position. Yeah, nice call dude.
    10 Nov 2012, 12:33 PM Reply Like
  • Sebanightwish
    , contributor
    Comments (1064) | Send Message
     
    Not at all. Yelp is rubbish, is useless, invented nothing. The information can give me Yelp, I prefer Google and Google maps.
    Zynga never seemed a serious company. In fact whenever I called and the company that depends on another, in this case Zynga depended of Facebook and that is extremely negative. If Mark gets up one day and decide to take out Zynga, the company comes to nothing.
    Angi not know much about the company, nor do I care to know.
    Facebook: Still are overvalued, I will like buy at $ 13.70 approximately.
    10 Nov 2012, 12:33 PM Reply Like
  • winningtrader
    , contributor
    Comments (2476) | Send Message
     
    GRPN, FB, ZNGA are not investments ... just a nice way to fleece investors and make insiders rich. It is as simple as that. They figured out how to do it legally.
    10 Nov 2012, 03:15 PM Reply Like
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