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Groupon, Inc.
An SI Board Since June 2011
Posts SubjectMarks Bans Symbol
426 29 0 GRPN
Emcee:  Glenn Petersen Type:  Unmoderated
Groupon, Inc., which describes itself as “a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount,” has filed a registration statement.

Company website: groupon.com

SEC filings: sec.gov

From the Company’s S-1, filed June 2, 2011:

Groupon is a local e-commerce marketplace that connects merchants to consumers by offering goods and services at a discount. Traditionally, local merchants have tried to reach consumers and generate sales through a variety of methods, including the yellow pages, direct mail, newspaper, radio, television and online advertisements, promotions and the occasional guy dancing on a street corner in a gorilla suit. By bringing the brick and mortar world of local commerce onto the internet, Groupon is creating a new way for local merchants to attract customers and sell goods and services. We provide consumers with savings and help them discover what to do, eat, see and buy in the places where they live and work.

We started Groupon in November 2008 and believe the growth of our business demonstrates the power of our solution and the size of our market opportunity:

• We increased our revenue from $3.3 million in the second quarter of 2009 to $644.7 million in the first quarter of 2011.

• We expanded from five North American markets as of June 30, 2009 to 175 North American markets and 43 countries as of March 31, 2011.

• We increased our subscriber base from 152,203 as of June 30, 2009 to 83.1 million as of March 31, 2011.

• We increased the number of merchants featured in our marketplace from 212 in the second quarter of 2009 to 56,781 in the first quarter of 2011.

• We sold 116,231 Groupons in the second quarter of 2009 compared to 28.1 million Groupons in the first quarter of 2011.

• We grew from 37 employees as of June 30, 2009 to 7,107 employees as of March 31, 2011.

Each day we email our subscribers discounted offers for goods and services that are targeted by location and personal preferences. Consumers also access our deals directly through our websites and mobile applications. A typical deal might offer a $20 Groupon that can be redeemed for $40 in value at a restaurant, spa, yoga studio, car wash or other local merchant. Customers purchase Groupons from us and redeem them with our merchants. Our revenue is the purchase price paid by the customer for the Groupon. Our gross profit is the amount of revenue we retain after paying an agreed upon percentage of the purchase price to the featured merchant.

Underwriters: Morgan Stanley, Goldman Sachs & Co. and Credit Suisse

Estimated gross proceeds (preliminary): $750,000,000

Stock symbol: GRPN

Revenue
Three months ended March 31, 2011: $644,728,000
Three months ended March 31, 2010: $44,246,000
Year ending December 31, 2010: $713,365,000
Year ending December 31, 2009: $30,741,000
Year ending December 31, 2008: $94,000

Operating profits (loss)
Three months ended March 31, 2011: ($117,148,000)
Three months ended March 31, 2010: $8,571,000
Year ending December 31, 2010: ($420,344,000)
Year ending December 31, 2009: ($1,077,000)
Year ending December 31, 2008: ($1,632,000)

Net income (loss)
Three months ended March 31, 2011: ($146,480,000)
Three months ended March 31, 2010: $8,028,000
Year ending December 31, 2010: ($456,320,000)
Year ending December 31, 2009: ($6,916,000)
Year ending December 31, 2008: ($2,158,000)

Adjusted CSOI
Three months ended March 31, 2011: $6,978,000
Three months ended March 31, 2010: $12,034,000
Year ending December 31, 2010: $60,553,000
Year ending December 31, 2009: $3,484,000
Year ending December 31, 2008: ($1,446,000)

CSOI, also known as “adjusted consolidated segment operating income (ACSOI)," is a highly imaginative and suspect yardstick that Groupon recommends investors use to determine how it is performing. It is essentially operating profit minus the company’s large online marketing and acquisition expenses.
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426Groupon beats. The press release: finance.yahoo.com Groupon Q3 Beats The StreeGlenn Petersen1yesterday
425Groupon Goes After Yelp And Google With Millions Of Individual Business Pages bGlenn Petersen1October 22
4240After Quietly Acquiring SnapSaves, Groupon Launches Snap, Paying You To Shop bGlenn Petersen1October 2
423No posts here in a month. Apple showed yesterday that Groupon is integrated inSr K-September 10
422GRPN is getting hammered in after hours trading. Groupon Forecast Trails EstimaGlenn Petersen1August 5
421GRPN reports after the close on Tuesday. What to look for in Groupon earnings Glenn Petersen-August 4
420Andrew Mason has a "new" project. About seven or eight years ago I satGlenn Petersen-July 30
419We have seen quite a few insider trading here in the last month or more. Thats kZbyte-July 10
418Gap and crap.....The Ox-July 9
417Really... you have got to be kidding me. Who is this pump and dump company who Zbyte-July 9
416 Groupon surges on upgrade "Our upgrade rests a lot on management deliverinThe Ox1July 8
415Groupon to Replace Nearly All of Its Merchants’ Cash Registers With iPads By JaGlenn Petersen-May 19
414Groupon Q1 Loss Narrower than Expected, Revs Beat By Zacks Equity Research Glenn Petersen-May 8
413SAN FRANCISCO (MarketWatch) — Groupon Inc. is scheduled to report its fiscal firThe Ox-May 6
412bloomberg.com Groupon Selling Razors in Bulk Furthers Move From Deals GroupoThe Ox1May 1
411seekingalpha.com So now what? Based on the more conservative estimates, and tThe Ox-March 26
410GRPN - going nowhere the past 3 weeks. No surprise after the huge down move. MThe Ox-March 17
409COUP got priced at $16, valuing the company at $1.2 billion. Way overpriced.Glenn Petersen1March 7
408seekingalpha.com Should You Avoid Coupons.com's IPO And Buy Undervalued GroThe Ox-March 6
407I say add on any weakness. :) One analyst describes Groupon as "Food stampzax-February 27
406Zack's says stay away, DB says add on weakness.... Deutsche Bank reiteratedThe Ox-February 27
405Zacks says stay away from GRPN seekingalpha.comThe Ox-February 24
404Fair enough. I stated before that I think GRPN is more of a story for a year orThe Ox-February 24
403Their base model, the "groupon" is so very different than a coupon. ThRyan Bartholomew-February 24
402No, not completely. I look at both the chart and the underlying fundamentals. The Ox1February 24
401Your view is from the technical/chartist standpoint, but I'm looking at justRyan Bartholomew-February 24
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