I never purchased shares in Groupon as it was obviously overvalued at first, and as the price fell I became more skeptical of the ability of anyone to predict future cash flows with any margin of safety. The accounting troubles were unfortunate -- I think this was a result of bad internal controls combined with extremely aggressive private market owners pushing to sell out to the public at high prices.
Groupon Revisited
Groupon Revisited
Groupon Revisited
I never purchased shares in Groupon as it was obviously overvalued at first, and as the price fell I became more skeptical of the ability of anyone to predict future cash flows with any margin of safety. The accounting troubles were unfortunate -- I think this was a result of bad internal controls combined with extremely aggressive private market owners pushing to sell out to the public at high prices.