Groupon Reports ‘Material Weakness,’ Restates Quarterly Revenue: Don’t count us surprised. As we wrote in F%#@ing Groupon on February 7th, this company has a significant issue when it comes to accounting and accountability. This complete disregard for shareholders and the integrity of the markets is absolutely disgusting. Groupon should be liquidated and delisted before it has the opportunity to destroy more shareholder value. Regardless, I expect in a decade this one will go down with the likes of pets.com in the annals of stupid .com fads.
More on the Yen… http://t.co/exgjaZk1
Covering the 2012 Canadian Federal Budget live – courtesy of CBC:
Flaherty’s speech begins at 4 PM.
After an exhilarating roller-coaster ride where we learned a lot, we closed our long IDR short JPY trade. I still believe in an incremental decline in the Yen but Rupiah was an inappropriate, if original hedge. We probably would have had a more effective trade using the Australian dollar as a hedge– though we probably would have been net losers due to the significant losses the ozzie dollar is taking on cooling Chinese demand for commodities.
Looking for $0.73 on $RIMM tomorrow afternoon-about 1 stdev lower than consensus of $0.806-thorsten bites the bullet for future improvement?