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Groupon: Deal's Not Over Yet
To your points.
1. Lefkofsky didnt sell his shares. He transferred them to various charities and other entities. It was a philanthropic action.
2. Groupon had accounting issues sometime back. It was well documented. SEC is investigating these as they should. They have since become ultra conservative on following GAAP standards and have various mechanisms in place to ensure compliance - including external consultants and audits.
3. They have a fantastic balance sheet. With a lot of cash and no debt. They finished the year in the black. They have chosen to invest for growth.
Remember another company called AMZN which did the same forever?? And is now a darling stock?
GRPN has a good diversification plan and a great customer base with a strong user interface both on the web and mobile.
If you want short term gains look elsewhere. As a long term (1 year) play this is a great company.
Feb 28 08:38 AM
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